EUR Trading Outlook (04-10-2012)

The Euro (EUR) an extremely contained day of trading for the usually very volatile EUR/USD pair. The major stayed in a 60 pip range and closed at 1.2910 5 pips from where it opened. Traders have been sidelined waiting for ECB today where they are expected to hold but traders are interested in the press conference afterwards with ECB President Draghi.

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