The Euro fell against the Dollar, extending the decline. The pair posted a new 8-month low at 1.3528, but then managed to rise and hold above 1.3600. The Euro is still under pressure across the board as fiscal problems continue to weight in Europe. The German GDP came out 0% worse than expected 0.1%. Holding the Euro below the 1.3840 level probably continue the downtrend. Overall, EUR/USD traded with a low of 1.3530 and with a high of 1.3694. Today, The Italian Trade Balance index is expected at -0.75B vs. -0.79B previously.

EUR/USD - Last: 1.3613

Resistance

1.3675

1.3735

1.3800

Support

1.3550

1.3500

1.3450

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