Euro (EUR)

The euro gained versus most of the major currencies after a report showed that European producer-price inflation accelerated, adding to speculation that the central bank will signal a tightening of monetary policy at its meeting. The Euro broke the resistance level at 1.3850 and closed above this level. The next resistance on the daily chart is located at 1.4000, and if the rate will fall under 1.3850, we can expect it to fall until 1.3700. Overall, EUR/USD traded with a low of 1.3742 and with a high of 1.3889. Today, The GDP (QoQ) is expected unchanged at 0.30%,the interest rate is expected unchanged at 1.00%, and the ECB press Conference is expected to take place.

EUR/USD - Last: 1.3858

Resistance

1.3890

Support

1.3850

1.3800

1.3750

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