EUR Trading Outlook (03-05-2011)
The Euro led the market higher in a sharp move heading towards 1.5000, the next major resistance. April CPI was strong at 2.8% y/y and could cause the ECB to raise rates again if it does not slow down in coming months. The EUR/USD is up +1.65% currently at 1.4802, after opening the week at 1.4558.
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