Euro (EUR)

The Euro rose against the Green back on speculation the ECB will be hiking rates sooner-than-expected. European central Bank President, Trichet, words that ECB policy maker will make the necessary to maintain price stability's , still providing it signals in the pair. If the pair will break it resistance at 1.3850, we will be bullish till 1.3970. The EUR/USD momentum is bullish as long as the rate is above 1.3775. If the pair breaks below this level, the Euro will probably decline to 1.3680. Overall, EUR/USD traded with a low of 1.3526 and with a high of 1.3820. Today, German Prelim CPI is expected to rise by 0.5% compared to -0.4% last time.

EUR/USD - Last: 1.3812

Resistance

1.3850

1.3970

Support

1.3775

1.3750

1.3680

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