EURO (EUR), Daily Review, April 19th 2010

By IBTimes Staff Reporter | April 19 2010 4:41 AM

The Euro weakened against the Dollar on speculation that Goldman Sachs will be charged with fraud. European CPI that came worse than expected at 1.4% vs. 1.5% also helped the momentum and lead investors to sell the Euro versus the Dollar. The main resistance is located at 1.3500. As long as it trades below this level the momentum is bearish. Overall, EUR/USD traded with a low of 1.3472 and with a high of 1.3566.

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EUR/USD - Last: 1.3451

Resistance

1.3510

1.3565

1.3695

Support

1.3440

1.3360

1.3340

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