EUR Trading Outlook (26-01-2012)

The Euro (EUR) with the debt standoff continuing overnight between private debt holders and the EU finance ministers the Euro slumped to day lows under 1.2950. The mood was reversed though with the FOMC sinking the Dollar and the EUR/USD breaking above 1.3100. UPDATE GERMAN February Consumer Sentiment forecast at 5.9 vs. 5.6 previously.

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