EUR Trading Outlook (18-12-2012)

The Euro (EUR) the EUR/USD consolidated gains from Friday keeping to a 40 pip 1.3180-40 range. The EUR/JPY led surge is helping the Euro to gain across the board. EUR/GBP is an important cross and we hit 0.8150 briefly before easing overnight. EUR/USD topside target is 1.3368 (Apr 3 High).

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