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EUR Trading Outlook (17-12-2010)

The Euro (EUR) withlittle in the way of fresh news from the EU leaders meeting the market was hesitant to buy the single currency while the outlook remained so uncertain. Moody&amp rsquo s announced a review of Greece with a possible downgrade. December Eurozone PMI at 55 vs. 55.4. EUR/USD traded with a low of 1.3180 and a high of 1.3268 before closing at 1.3240. Looking ahead, German IFO Business Climate forecast at 109.1 vs. 109.3.

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