EUR Trading Outlook (19-05-2011)

The Euro (EUR) The EUR/USD fared well in the risk on environment before the FOMC minutes and then found support from EUR/JPY buying after stock markets continued to rally post the minutes release. Overall the EUR/USD traded with a low of 1.4193 and a high of 1.4288 before closing the day around 1.4280 in the New York session.

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