EUR Trading Outlook (17-11-2010)

The Euro (EUR) fell below 1.3500 as the market reacts negatively to the ongoing uncertainty to European debt crisis. November ZEW Economic sentiment gained 1.8 vs. -5.9 forecast. The Irish PM told the market that Ireland had made no application for Aid although Eurogroup&rsquo s Junker did say they would support Ireland if asked. EUR/USD traded with a low of 1.3447 and a high of 1.3658 before closing at 1.3480.

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