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EUR Trading Outlook (31-10-2011)

The Euro (EUR) the EUR/USD was under profit taking pressure for most of Friday trade galling back 1.4150 form highs of 1.4250 on Thursday. Concerns about the EU debt plan implementation are still evident and a new high for Italian Yields add caution to the bulls. Overall sentiment is still positive and the market is now looking forward to the ECB rate meeting on Thursday and new President Draghi&amp rsquo s first press conference.

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