EUR Trading Outlook (14-04-2011)
The Euro (EUR) tested resistance above 1.4500 but this was rejected and the market tracked US stocks lower in the New York session. February Industrial Production rose 0.4% vs. 0.7% forecast m/m. The Euro outlook will be closely tied with risk appetite given many markets near year highs and questions over whether we can continue to move higher. Overall the EUR/USD traded with a low of 1.4413 and a high of 1.4522 before closing the day around 1.4440 in the New York session.
Back to EUR Trading Outlook Archive
