EUR Trading Outlook (26-10-2010)

The Euro (EUR) a solid rally back above 1.4000 once again failed to hold for the entire trading day with sellers capping near 1.4100. September Industrial Orders is 5.3% vs. -1.8R% m/m. Topside Range trading is tipped ahead of the US FOMC meeting next week. EUR/USD traded with a low of 1.3906 and a high of 1.4082 before closing at 1.3970. Looking ahead, October German Consumer Confidence is forecast at 5.2 vs. 4.9 previously.

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