EUR Trading Outlook (15-11-2011)
The Euro (EUR) The came under heavy selling pressure after opening on a strong footing after news on the weekend of a new Italian Government. When yields did not fall at the start of Europe the market sold the Euro aggressively and a solution to the crisis does not seem clear. Support was found under 1.3600 but sentiment is negative. Looking ahead, Q3 GDP forecast at 0.2% vs. 0.2%.
Back to EUR Trading Outlook Archive