EUR Trading Outlook (30-01-2012)

The Euro (EUR) the Euro broke above 1.3200 as the short squeeze pushed higher into the weekend with many traders caught short below 1.3000 from earlier in the week. The market could still go back to selling mode if the Greece debt deal falls apart but most are confident that a successful outcome is likely be announced as early as today. Looking ahead, EU January Consumer Sentiment forecast at -20.6 vs. -21.1 previously.

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