The Euro fell versus the Dollar and the Pound after weaker French CPI results, which triggered the Euro's decline. German ZEW Economic Sentiment came out 50.4 slightly better than 50.1 expected but ZEW Economic Sentiment came out weaker with 48 versus 50.9 expected. More countries in the Euro zone show signs the recession is still alive. Greece is struggling with its debt and Austria nationalized Hypo Bank. Overall, EUR/USD traded with a low of 1.4503 and a high of 1.4659. Today, German and French Manufacturing PMI are expected slightly stronger. CPI and Core CPI are expected unchanged with 0.6% and 1.2% accordingly.

EUR/USD - Last: 1.4535

Resistance

1.4575

1.4625

1.4685

Support

1.4500

1.4445

1.4410

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