The Euro (EUR) broke above 1.3000 with the change in sentiment clear from the start of the day in Asia. The market is still heavily short and good news has the chance to spark a relief rally with 1.3300 seen as a possible target for bulls in the short term. Ratings downside risks still remain but for now we will be looking to stocks markets and todays PMI data. Looking ahead, December PMI Services forecast at 52.7.
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