EURO (EUR)


The Euro weakened against the Dollar as Gross domestic product in the 16-nation Euro region fell by -0.2% from the first quarter and Europe’s economy contracted more than estimated in the second quarter as consumer spending, investment and exports were weaker than earlier reported. EUR/USD traded with a low of 1.4649 and with a high of 1.4736. Today, ECB will release the Interest Rate Decision expected to remain at 1%. German Industrial Production is expected to rise by 1.9% vs. -0.9% prior.

EUR/USD - Last: 1.4765 

Resistance

1.4775

1.4825

1.4850

Support

1.4700

1.4650

1.4625

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