EUR Trading Outlook (30-03-2011)

The Euro (EUR) Was able to extend Tuesday&rsquo s rally above 1.4100 before reversing on FED speaker Bullard hawkish comments the QE2 program maybe be cut short by 100bln. Overall the EUR/USD traded with a low of 1.4047 and a high of 1.4150 before closing the day around 1.4110 in the New York session. Looking ahead, March Economic Sentiment is forecast at 107.8 vs. 107.5.

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