Euro (EUR)

The Euro weakened versus the Dollar as ECB's President Trichet said the Dollar is important for the world economy and it is too early to unwind emergency stimulus measures. The German Prelim CPI came out -0.4% worse than -0.2% expected and 0.2% prior. Overall EUR/USD traded with a low of 1.4564 and a high of 1.4712. Today, Consumer Confidence is expected at -21 versus -22 prior.

EUR/USD - Last: 1.4620 

Resistance

1.468

1.472

1.476

Support

1.459

1.456

1.452

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