EUR Trading Outlook (14-02-2013)

The Euro (EUR) The EUR/USD was wacked around by rumors and negative reports out of Europe with talk that the ECB is worried about the effect of a strong Euro on the weaker countries in the region. The bullish outlook is being undermined by the constant jawboning with another report suggesting a major political party in Germany was against the ESM being used to recapitalize banks. Key Support is seen at 1.3370 on the daily.

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