The Euro fell heavily against the yen and closed almost unchanged versus the Dollar, touching a six-week low during the session as main indexes and commodities fell strongly, more than 1.5 percent, supported to buy safety currencies like the Yen and Dollar. The pair continuing to trade downwards, therefore the momentum is still strongly bearish and a short position is preferred. Overall, EUR/USD traded with a low of 1.2587 and with a high of 1.2719.Today, German Ifo Business Climate is expected to weak from 106.2 to 105.8.

EUR/USD - Last: 1.2656

Resistance

1.2730

1.2830

1.2920

Support

1.2590

  

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