The Euro weakened versus the Dollar and the Pound as risk appetite weakened and ECB's president Trichet said a strong Dollar is important for the world economy. European Trade Balance came out better than expected with 6.8B versus -0.9B expected. EUR/USD traded with a low of 1.4806 and with a high of 1.4998. Today, European Current Account is expected with 0.6B versus -1.3B prior. ECB President Trichet will speak in Frankfurt.

EUR/USD - Last: 1.4870

Resistance

1.4900

1.4925

1.4955

Support

1.4810

1.4740

1.4703

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