The Euro fell against the Dollar after a German government official said the European Union will probably stop short of announcing an aid package for debt-stricken Greece. Speculations about loan guarantees for Greece and hints from Fed Chairman Bernanke about a possible rate hike dragged the Euro lower. We can see on the daily graph a clear downward trend therefore the momentum is still bearish, moving average support this momentum as well , Overall, EUR/USD traded with a low of 1.3676 and with a high of 1.3812. Today, EU economic Summit will be held during the day and is speculated to announce Greece's bailout details. ECB Monthly Bulletin will be released today.
EUR/USD - Last: 1.3788