EUR Trading Outlook (23-10-2012)
The Euro (EUR) consolidated above 1.3000 with most of the buying seen on the EUR/JPY which moved above Y104 and is targeting Y105 in coming sessions. The EUR/USD is in a holding pattern while the markets wait for further news regarding Greece Aid and Spanish Bonds buying. Risk events this week include FOMC on Wednesday which is critical for long term USD weakness.
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