EUR Trading Outlook (31-01-2013)

The Euro (EUR) the EUR/USD broke above 1.3500 going into London and quickly climbed to fresh trend highs above 1.3570 before consolidating for the rest of the session. The FOMC turned out to be a nonevent but with the USD weak after the GDP miss we expect the EUR/USD remain supported on the differencing monetary policy outlooks.

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