EUR Trading Outlook (13-05-2011)

The Euro (EUR) the Euro slumped in Europe to fresh month lows just above 1.4100. March EU Industrial production forecast at -0.2% vs. 0.4% previously. Overall the EUR/USD traded with a low of 1.4128 and a high of 1.4278 before closing the day around 1.4245 in the New York session. Looking ahead, Q1 GDP forecast at 0.6% vs. 0.3% previously.

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