EUR Trading Outlook (01-12-2010)
The Euro (EUR) with debt contagion issues spreading to multiple countries in the Eurozone investors are selling the Euro relentlessly. A test below 1.3000 in Europe was bought but then late in the US session S& P put Portugal on Negative Ratings Watch and the Euro moved back to close under the key 1.3000 handle. EUR/USD traded with a low of 1.2968 and a high of 1.3152 before closing at 1.2980. Looking ahead, October Retail Sales are forecast at +1.3% vs. -2.3% previously.
Back to EUR Trading Outlook Archive
