EUR Trading Outlook (18-04-2011)

The Euro (EUR) remained locked in the 1.4400-500 range that has been well established throughout the last week with the topside resistance proving hard for the buyers to crack. March Euroland Core Inflation was at 1.3% vs. 1.0% previously y/y. Overall the EUR/USD traded with a low of 1.4389 and a high of 1.4504 before closing the day around 1.4420 in the New York session. Looking ahead, April EU Consumer Confidence forecast at 17.

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