Euro (EUR)

The Euro weakened against the Dollar for the first time in three day after Ireland's credit rating was cut by Standard & Poor's, reviving concern that Europe's sovereign debt crisis may worsen. The EUR/USD is facing very serious levels between 1.3800-1.3870, and as long as the rate is between these levels, the momentum of the Euro is on hold. Overall, EUR/USD traded with a low of 1.3767 and with a high of 1.3861. Today, the interest rate decision is expected to remain at 1.00%, and there is an ECB Press Conference.

EUR/USD - Last: 1.3804

Resistance

1.3820

1.3860

Support

1.3767

1.3700

1.3640

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