EUR Trading Outlook (21-01-2013)

Jr. Day.

The Euro (EUR) The EUR/USD reversed sharply from 1.3400 on Friday down to 1.3280 on the back of comments from ECB Member Course that short term interest rates will not be impacted if banks repay liquidity early. EUR/GBP is continuing its uptrend as the GBP worries grow. EUR/JPY has been volatile but finished above the Y120 level.

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