EURO (EUR), Daily Review, July 29th 2010

29 July 2010 @ 05:21 am EDT

The Euro traded on a narrow range versus the Dollar for the second consecutive day as traders continued to digest the recent stress tests results. The main resistance of the EUR/USD on the daily chart is 1.3050, if the pair trades above this level the momentum continue to be bullish, the main support on the daily chart is located at 1.2700. Overall, EUR/USD traded with a low of 1.2966 and with a high of 1.3042. Today, German Unemployment Change is expected at -18K vs. -21K prior.

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