EUR Trading Outlook (11-01-2011)

The Euro (EUR) French and German officials deny they are putting pressure on Portugal to accept a bailout package but bond yields are still remaining high and the market is continuing to be supported by the ECB. January Sentix improved to 10.6 vs. 9.7 previously. EUR/USD traded with a low of 1.2873 and a high of 1.2968 before closing at 1.2930. Looking ahead, ECB President Trichet Speaks.

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