EUR Trading Outlook (02-05-2012)

The Euro (EUR) the EUR/USD hit fresh multi week highs above 1.3280 but quickly reversed as the USD gained post the surprise ISM data in the US session. The outlook is mixed with the Eurozone debt crisis not grabbing attention as it once did and allowing the stock market rally to encourage Euro buying. EUR/JPY is quite low still as the USD/JPY struggles and is quite attractive at these levels.

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