The EUR/USD has done little in the last few days, it attempted to break yearly high, yet failed at the 1.5050 level, triggering some modest profit taking among investors. It was a French Bank Holiday in Europe. Overall, EUR/USD traded with a low of 1.4952 and with a high of 1.5047. Today, The ECB Monthly Report will come out and might show that Europe's economy expanded last quarter, damping demand for the U.S. currency as a refuge. Later ECB president, Jean-Claude Trichet will speak. The Industrial Production expected at 0.6% vs. 0.9% previously.

EUR/USD - Last: 1.4994

Resistance

1.5025

1.5065

1.5125

Support

1.4910

1.4875

1.4815

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