EUR Trading Outlook (21-03-2011)

The Euro (EUR) surged against the USD and the JPY on Friday following the ECB involvement in co-ordinated intervention. Japanese Finance Minister Noda made specific mention throughout the trading day that the ECB may further intervene during the European Session on the EURJPY cross, pushing the pair from lows near 110.53 to as high as 115.58. The EURUSD traded with a low of 1.3978 and a high 1.4165 on Friday

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