Euro (EUR)

The Euro extended losses touching to a two day low against the Dollar as yields on Portugal bonds rose and U.S. jobless claims came out better, led the investors to prefer the Dollar. The EUR/USD is facing a serious level (1.36), traded up and down this rate during all the European and the US session, as long as the rate is below this level the euro is on a bearish trend. Overall, EUR/USD traded with a low of 1.3577 and with a high of 1.3728. Today, ECB President Trichet Speaks.

EUR/USD - Last: 1.3585

Resistance

1.3620

1.3685

1.3735

Support

1.3560

1.3500

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