EUR Trading Outlook (09-11-2010)

The Euro (EUR) fell through 1.4000 in Asia and hit stops falling quickly to the lower 1.3900 region by the middle of the day. Attention was on Irish banking concerns and weak September German Industrial output down -0.8% m/m. &nbsp EUR/USD traded with a low of 1.3886 and a high of 1.4087 before closing at 1.3920. Looking ahead, October German CPI is forecast at 1.3% y/y.

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