The Euro gained versus the Dollar after the European commission published updated economic forecasts that showed a possible expansion of 0.2% in the 3d quarter and 0.1% in the 4th after a contraction of -0.1% in the 2d quarter of the year. However the yearly forecast for the GDP remained -4%. Industrial Production came out -0.3% as expected versus -0.6% prior. Overall EUR/USD traded with a low of 1.4515 and a high of 1.4651. Today, German ZEW Economic Sentiment will be released, expected higher at 59.9 versus 56.1 prior.

EUR/USD - Last: 1.4610 

Resistance

1.4655

1.4725

1.475

Support

1.4575

1.4515

1.446

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