EUR Trading Outlook (17-09-2012)

The Euro (EUR) EUR/USD heading in one direction hit highs above 1.3150 in another stellar day for the European Currency. The ECB Bond Buying Program and the ESM seemed to have put a lid on the crisis for now and the relief rally is continuing as US monetary policy puts pressure on the Dollar. EUR/JPY has recovered to Y103 and is a source of support for the major.

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