EUR Trading Outlook (22-12-2010)

The Euro (EUR) was able to stage a rally in Asia to test 1.3200 after China&rsquo s VP Wang said they would take concrete action to support EU Debt. The market continued to sell rallies however and fell in the US session to fresh month lows under 1.3100. EUR/USD traded with a low of 1.3072 and a high of 1.3203 before closing at 1.3090.

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