EUR Trading Outlook (19-10-2010)
The Euro (EUR) shrugged off selling pressure for much of the Asian session to close the day above last week& rsquo s level. ECB President Trichet said the central bank will continue to purchase bonds, and a possibility of extending the program. The EURUSD traded with a low of 1.3832 and a high of 1.3998 before closing the day at 1.3986. Focus shifts to EU Current account and the German ZEW survey on Tuesday.
Back to EUR Trading Outlook Archive