EUR Trading Outlook (20-03-2012)
The Euro (EUR) the Euro broke above 1.3180 resistance and is now in range of the 1.3300 resistance zone which will prove tougher then the smaller resistances in recent sessions. The EUR/JPY broke above the Y110 level as widely expected with the trend firmly in place now with aggressive targets going forward. Traders are suggesting that central bank diversification is supporting the Euro on many fronts and while the Eurozone Debt crisis is not completely behind us there is less trader focus on the potential downside risks.
Back to EUR Trading Outlook Archive
