EUR Trading Outlook (27-02-2012)

The Euro (EUR) the EUR/USD continued to push higher after breaking out on Thursday last week above 1.3300. The 1.3500 level should also slow the ascent with some concerns remaining about Eurozone bailouts which go to the vote in Germany and other EU countries in coming weeks. Looking ahead, January M3 Money Growth forecast at 1.8% vs. 1.6% previously. Also ahead January Home Sales forecast at 1% vs. -3.5% previously.

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