EURO (EUR)

The Euro rose to a 1 year high against the Dollar before today's FED rate decision as evidence that global economic is recovering encouraged investors to buy higher yielding assets. EUR/USD jumped from below 1.4700 to 1.4820, posing the highest price in almost a year. The Unemployment rate in Italy came out at 7.4%, better than expected 7.7%. Today, PMI is expected at 51.4 vs. 50.8 previously and The German Manufacturing Purchasing Manager Index is expected at 49.2 vs. 51 previously. The Manufacturing Purchasing Manager Index is expected at 49.8 vs. 48.2 previously.

EUR/USD - Last: 1.4800 

Resistance

1.4825

1.4860

1.4900

Support

1.4760

1.4705

1.4650

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