Euro (EUR)

The Euro rose to a two month high against the Dollar on a positive showing from stock markets and commodities being more attractive due to the interest rate in US. In addition, the European relief fund's bond rose in its first day of trading. The resistance of the EUR/USD on the daily chart is 1.3780, and as long as the rate is above the 10 moving average on the daily chart and the RSI is positive, the euro is still strong and the momentum is bullish. Overall, EUR/USD traded with a low of 1.3640 and with a high of 1.3722. Today, German Prelim CPI is expected to weaken from 1.00% to - 0.3%.

EUR/USD - Last: 1.3700

Resistance

1.3725

Support

1.3655

1.3540

1.3418

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