EUR Trading Outlook (10-02-2011)

The Euro (EUR) push higher outperforming the rest of the market to break above 1.3700. Helping underpin the single currency is improving economic data with December German Trade Balance overnight printing 14bn vs. 12bn forecast. Overall the EUR/USD traded with a low of 1.3609 and a high of 1.3746 before closing the day around 1.3730 in the New York session.

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