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EUR Trading Outlook (07-04-2011)

The Euro (EUR) pushed higher ahead of the eagerly anticipated ECB Meeting today with anything less than a hike going to disappoint the bulls. German Factory Orders increased 2.4% vs. 0.6% m/m previously. &nbsp Overall the EUR/USD traded with a low of 1.4227 and a high of 1.4351 before closing the day around 1.4333 in the New York session. Looking ahead, April ECB Rate Meeting forecast to hike 0.25% to 1.25%. President Trichet also speaks after the announcement.

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