The Euro (EUR) was not helped at the start of the European session by the downgrade of Hungary&rsquo s credit rating or by disagreements within the EU in regards to the expansion of the Bailout fund. Support was found at 1.3250 before recovering in the US Session. EUR/USD traded with a low of 1.3245 and a high of 1.3423 before closing at 1.3320. Looking ahead, October German Industrial Orders is forecast at 2% vs. -4% m/m.
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