EUR Trading Outlook (11-04-2011)

The Euro (EUR) in what could be described as a delayed reaction to the rate hike from the ECB on Thursday, the market surged higher towards 1.4500 key resistance. Strength was broad based with EUR/GBP breaking above 0.8800. Overall the EUR/USD traded with a low of 1.4289 and a high of 1.4490 before closing the day around 1.4380 in the New York session. Looking ahead, Buba President Speaks.

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