EUR Trading Outlook (17-01-2011)

The Euro (EUR) week highs above 1.3450 were seen in Europe but pared back in the US session due to profit taking. Sentiment is improving towards the single currency on the growing belief the ECB will do what is needed to support the Euro. EUR/USD traded with a low of 1.3315 and a high of 1.3456 before closing at 1.3368.

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