Euro (EUR)

The Euro declined a bit against the Dollar as escalations mounted in Libya and in Bahrain, which caused investors to buy the Dollar as a refuge. The EUR/USD is still facing the resistance level of 1.3750 on the daily chart. If the pair breaks this level, the Euro will continue with its bullish trend. If not, the Euro will probably start to decline towards 1.36 and even less. Overall, EUR/USD traded with a low of 1.3647 and with a high of 1.3712. Today, the GfK German Consumer Climate is expected at 5.80 vs. 5.70 prior.

EUR/USD - Last: 1.3587

Resistance

1.3630

1.3685

1.3720

Support

1.3545

1.3475

1.3430

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