EUR Trading Outlook (04-01-2013)

The Euro (EUR) the EUR/USD sell off which began on the night before on US debt ceiling worries has turned into a rout today with another heavy day of selling. Support at 1.3100 was broken and we closed at 1.3050 and in striking distance of 1.3000. The outlook is mixed with the recent post Greece/Spain Drama Rally struggling to get past 1.3300 and some analysts looking for USD strength in 2013.

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