The Euro weakened on Friday against the Dollar but still remained high as more evidence of a recovery in the global economy increases demand for higher-yielding assets. Industrial New Orders came out better than expected at 2.0% vs. 1.2% forecast. German Ifo Business Climate came out a bit lower than the forecast at 91.9 vs. 92.1. Overall, EUR/USD traded with a low of 1.4984 and with a high of 1.5059. Today, GfK German Consumer Climate is expected at 4.5 vs. 4.3 prior.

EUR/USD - Last: 1.5029

Resistance

1.5046

1.5110

Support

1.4981

1.4944

1.4882

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