EUR Trading Outlook (17-04-2012)

The Euro (EUR) the EUR/USD tested 1.3000 twice before buyers took control and we saw a sharp rally back to 1.3150 even as the mood in debt markets continued to show Spanish debt fear. The outlook is mixed with a clean break of 1.3000 needed soon or the market will begin to ignore the European debt crisis and focus on stock markets for direction.

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