EUR Trading Outlook (04-02-2013)

The Euro (EUR) EUR/USD was able to take advantage of the ‘not to bad not too good’ jobs numbers which suggested the FED would not be moving anytime soon on stopping bond buying purchase. The EUR/USD hit 1.3700 briefly at the height of the optimism but we have seen significant profit taking in Asia so far Monday back down to the lower 1.3600 region. EUR/JPY is the strongest pair in the market and proving considerable support.

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