The Euro (EUR) the EUR/USD hit 1.2940 highs in Europe on the back of the positive German Court decision that allowed the funding of the ESM bailout facility. The good news was widely expected however and this allowed profit takers to gain control later in the day and we finished at 1.2900. The FOMC will be a big event for the EUR/USD with a potential d1.3000 test on the cards if the FED is more dovish than expected.
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