Euro (EUR)

 

 

The Euro continued to rally on Friday versus the dollar on optimism that the European finance ministers' meeting this week will reinforce measures to help indebted nations. In addition, worse than expected data came out of the US, which also supported a stronger Euro. The momentum of the EUR/USD has been strongly bullish over the last few days, and as long as the rate is above 1.3300 levels, a long position is preferred. The next resistance on the daily chart is at 1.3450. Overall, EUR/USD traded with a low of 1.3314 and with a high of 1.3457. No economic data is expected today.

 

 

EUR/USD - Last: 1.3290

 

Resistance

1.3415

Support

1.3315

1.3145

1.3035

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