Euro (EUR)

The Euro extended its losses, touching to a two day low against the Dollar, on speculation that Portugal may tap Europe's bailout fund. Further weakening came as good economic data was released from the U.S. last Friday. The EUR/USD is facing a support level of 1.3500 and the next level comes at 1.3460. According to the four hour chart, in the case that it breaks below this level, the pair will fall to 1.3360. Overall, EUR/USD traded with a low of 1.3497 and with a high of 1.3621. Today, industrial production is expected at -0.2% vs. 1.4% previously.

EUR/USD - Last: 1.3490

Resistance

1.3560

1.3617

1.3673

Support

1.3500

1.3460

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