Euro (EUR)

The Euro jumped against the U.S Dollar above the 1.38 area for the first time since November 2010, after better than expected macroeconomic data came out. The German Unemployment change came out at -13k vs. a forecast of -11k and the Unemployment rate came out at 10%, vs. a forecast of 10.1%. Trading above the support level of 1.3770 keeps the momentum positive for the pair. Overall, EUR/USD traded with a low of 1.3689 and with a high of 1.3841. Today, the PPI is expected at 0.8% vs. 0.3% previously.

EUR/USD - Last: 1.3854

Resistance

1.3860

Support

1.3810

1.3770

1.3670

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