EUR Trading Outlook (11-11-2011)

The Euro (EUR) Euro sentiment improved overnight after testing 1.3500 support in late Asian trade the direction reversed in Europe on easing Italian debt Yields. Talk in the market was the ECB was actively buying Italian bonds and some fresh bonds sold today by Italy did well. Resistance is seen at 1.3650 and focus will switch to Italian austerity measures to be passed as soon as this weekend.

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