EUR Trading Outlook (21-10-2011)

The Euro (EUR) the main source of market volatility continued with focus on political wrangling ahead of the weekend summit. The main players are the German and French leaders and the Greece parliament given the ongoing rioting in Greece. The EUR/USD dipped below 1.3700 before closing just under 1.3800. Looking ahead, October German IFO forecast at 106.3 vs. 107.5 previously.

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