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EUR Trading Outlook (09-12-2010)

The Euro (EUR) tested support under 1.3200 before recovering and stabilizing in the lower 1.3200 region. EUR/JPY was able to edge higher as the Yen silently remains under pressure due to increasing US yields and ongoing Korean concerns. October German Industrial Production gains 2.9% vs. -1.0% previously. EUR/USD traded with a low of 1.3179 and a high of 1.3282 before closing at 1.3270. Looking ahead, November German CPI forecast at 0.1% m/m.

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