EUR Trading Outlook (25-01-2013)
The Euro (EUR) The EUR/USD had a mixed day against the USD with some selling in Europe reversed later in the US session. European PMI Surveys showed a sharp drop in French manufacturing but a rise in the German reading. The major rallied to 1.3380 on the back of strong EUR/JPY and EUR/AUD buying. Bulls are targeting the 1.3400 but the resurgent Dollar had mad range trading more likely.
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