EUR Trading Outlook (01-02-2012)
The Euro (EUR) the EUR/USD moved to 1.3200 on the back of the positive Greece news but then reversed for the rest of the day as US stocks turned negative. Support was found at 1.3080 on the major but some highlighted the European job situation which saw December Unemployment increase to 10.4% previously. Looking ahead, January PMI Manufacturing forecast at 48.7. January Inflation forecast to remain at 2.7%.
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