EUR Trading Outlook (17-01-2013)
The Euro (EUR) tested the downside on the major and most crosses with profit taking entering critical period that is threatening the uptrend. EUR/USD found support at 1.3260 and was helped off the lows with comments from ECB’s Nowotny that the current Euro exchange rate was not worrying. This contrasts with ECB Juncker comments the day before that the Euro was ‘dangerously high’.
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