EUR Trading Outlook (25-10-2010)
The Euro (EUR) the market remains supported on dips in striking distance of the key 1.4000 level. Traders are cautious towards the big figure though as recent attempts higher have been sold back. EUR/GBP is threatening 0.8900 as the broad Pound underperformance continues. EUR/USD traded with a low of 1.3858 and a high of 1.3973 before closing at 1.3934. Looking ahead, September Industrial Orders are forecast at +2.1% vs. -2.4% previously.
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