EUR Trading Outlook (20-07-2011)
The Euro (EUR) the Euro gained to the 1.4200 level on the back of the positive sentiment change and some progress on the second Greece Bailout plan ahead of Thursday EU Summit. German ZEW was poor falling to -15.1 vs. -9 previously. Overall the EUR/USD traded with a low of 1.4067 and a high of 1.4218 before closing the day around 1.4155 in the New York session. Looking ahead, German PPI forecast at 0.0% vs. 0.0%.
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