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EUR Trading Outlook (25-04-2011)

The Euro (EUR) was well supported above the 1.4500 handle on bullish comments from China&rsquo s official in Europe &lsquo possible we will purchase more sovereign bonds. EUR/JPY has stabilized after falling back from highs and is looking to retest Y120 in coming session for a resumption of the uptrend. Overall the EUR/USD traded with a low of 1.4532 and a high of 1.4588 before closing the day around 1.4547 in the New York session. Looking ahead, Bank Holiday for Easter Monday.

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