The Euro decreased against the Dollar after the FED signaled it intends to keep holding down borrowing costs even as the US shows signs of recovery. Manufacturing PMI came out worse than expected at 49 vs. 49.8 forecast. Overall, EUR/USD traded with a low of 1.4727 and with a high of 1.4843. Today, German IFO Business Climate is expected at 92.1 vs. 90.5 prior.

EUR/USD - Last: 1.4735

Resistance

1.4785

1.4820

1.4845

Support

1.4670

1.4610

1.4560

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