Euro (EUR)

The Euro continued to weaken versus the Dollar as U.S Consumer Confidence came out unexpectedly lower than expected reducing the demand for the Euro. European Consumer Confidence came out -19 better than -21 forecast and -22 prior. Overall EUR/USD traded with a low of 1.4527 and a high of 1.4645. Today, the European Flash CPI estimate is expected unchanged with -0.2%. ECB's President, Trichet, will speak today at the Eurofi Financial Forum in Gothenburg.

EUR/USD - Last: 1.4620 

Resistance

1.468

1.472

1.476

Support

1.4525

1.45

1.446

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