EUR Trading Outlook (27-10-2010)
The Euro (EUR) was under continuous pressure from both the USD and then the Pound after very strong UK GDP numbers. October German Consumer Confidence remained at 4.9. Support is found at last week& rsquo s lows of 1.3700. EUR/USD traded with a low of 1.3824 and a high of 1.3984 before closing at 1.3950. Looking ahead, October German Consumer Confidence is forecast at 5.2 vs. 4.9 previously.
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