EUR Trading Outlook (03-02-2011)

The Euro (EUR) a dip below 1.3800 found support and the major closed back above the figure. EUR/GBP selling weighed as the Pound outperformed and most traders are now turning their attention to the ECB meeting and President Trichet&amp rsquo s Press Conference. EUR/USD traded with a low of 1.3766 and a high of 1.3863 before closing at 1.3810. Looking ahead, ECB Rate Announcement forecast at 1.0%.

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