EUR Trading Outlook (23-01-2012)

The Euro (EUR) the Euro hit day highs in late Asia but reversed in the European session with a break of 1.3000 going to require a positive outcome to the Greece debt deal negotiations still ongoing. Some news over the weekend that showed the standoff was entering the final phase saw heavy selling on Monday morning with traders unwilling to risk being long. Looking ahead, January Consumer Confidence forecast at -20 vs. -21.

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