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EUR Trading Outlook (29-04-2011)

The Euro (EUR) was strong for most of the day finding support below 1.4800 on a few attempts lower throughout the day. German Unemployment fell -37k in a continuation of strong jobs data in the biggest economy in Europe. Overall the EUR/USD traded with a low of 1.4772 and a high of 1.4883 before closing the day around 1.4820 in the New York session. Looking ahead, March German Retail Sales forecast at 0.3% vs. -0.3% previously.

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