Technical outlook on currencies: India Forex

India Forex has come out with its report on currencies

EUR/USD: EUR is currently trading at 1.3317 levels. Euro rebounded vs. the US Dollar amid risk appetite in the global mar-ket on news that EU officials are considering increasing the fire power of European Financial Stability Facility in order to con-tain the ongoing debt crisis. The proposal under consideration by EU officials is to insure buying around 20% to 30% of bond issuances from troubled EU countries. This move has likely taken place so that the confidence can be restored after last week

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