EUR Trading Outlook
The Euro (EUR) The Euro managed solid gains breaking to multi week highs above 1.3300. EUR/GBP also moved higher as the two majors diverged paths. EUR/USD traded with a low of 1.3218 and a high of 1.3317 before closing at 1.3300. Looking ahead, German Bank Holiday.
The Euro (EUR) The Euro had a volatile day rallying above 1.3200 in Asia before reversing sharply on news that the ECB had left some of its bond purchases unsterilized. EUR/GBP pulled back and so did EUR/CHF which moved below 1.2500. EUR/USD traded with a low of 1.3078 and a high of 1.3191 before closing at 1.3110. Looking ahead, M3 Money Growth forecast at 1.5% vs. 1.0% previously.
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