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EUR Trading Outlook (14-02-2011)

The Euro (EUR) the market continued buying the USD on broad demand and the Euro was pushed down to 1.3500 major support. Euro underperformance has been noted in recent trading sessions with traders making money from selling into rallies. Overall the EUR/USD traded with a low of 1.3498 and a high of 1.3621 before closing the day around 1.3550 in the New York session. Looking ahead, December Industrial Production is forecast at 0% vs. 1.2% previously.

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