Euro (EUR)

The Euro rose to a one month high against the Dollar on signs that pointed to the U.S. economic recovery remaining slow. The pair crossed the 1.35 area, but declined back to yesterday's resistance level, testing it as a support. Only breaching the 1.3540 resistance level will extend gains in the EUR/USD pair, otherwise a rebound could be seen. Overall, EUR/USD traded with a low of 1.3367 and with a high of 1.3537. Today, the German PPI is expected at 0.5% vs. 0.2% previously and the ECB monthly report will come out, as well.

 

 

EUR/USD - Last: 1.3460

 

Resistance

1.3540

Support

1.3430

1.3370

1.3250

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