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EUR Trading Outlook (22-02-2013)

The Euro (EUR) the EUR/USD broke through a very important level at 1.3260 going into the European session yesterday and fell to fresh multi week lows near 1.3160. The market has recovered so far with some stabilizing comments from Eurozone politicians including the German FinMin Scheuble, Euro is at ‘quite a good’ level. Analysts suggest German Exporters can handle the EUR/USD up to 1.5000 where France and the PIGS are seen competitive at EUR/USD 1.1700.

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