The Euro failed once again to keep above the 1.44 zone and weakened against the Dollar after gaining in the beginning of the trading session. European stock markets moved to fresh 14-month highs, with Greek stocks trading firmer after the government passed a budget for 2010. The Euro has to stay above the 1.4420 otherwise the upside momentum will be lost and the pair will fall back to the 1.43 zone. Overall, EUR/USD traded with a low of 1.4349 and a high of 1.4413. Today, the German CPI is expected at 0.6% vs. -0.1% previously.
EUR/USD - Last: 1.4365
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