Euro (EUR)

The Euro rose to a one week high against the Dollar after the European Central Bank said on Friday that the bank may need to raise interest rates as global inflation pressures mounts. The EUR/USD is facing a serious resistance level (1.3750) on the daily chart, but if the pair breaks this level, the Euro will continue with its bullish trend. Overall, EUR/USD traded with a low of 1.3545 and with a high of 1.3715. Today, the German IFO Business Climate is expected at 110.40 vs. 110.30 previously.

EUR/USD - Last: 1.3673

Resistance

1.3715

Support

1.3650

1.3570

1.3545

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