EURO (EUR), Daily Review, Feb 16 2010

 @ibtimes
on February 16 2010 6:17 AM

The Euro fell modestly against the Dollar still trading near the 1.36 level. The euro traded near the lowest level in almost nine months as European leaders refused to detail how they would rescue Greece if it fails to finance its debt. Italian Trade Balance index came out -0.12B better than -0.75B expected. As long as the Euro is below resistance at 1.37 it is still on a downtrend. Overall, EUR/USD traded with a low of 1.3577 and with a high of 1.3632. Today, The German ZEW Economic Sentiment is expected at 42.5 vs. 47.2 previously.

EUR/USD - Last: 1.3619

Resistance

1.3645

1.3675

1.3735

Support

1.355

1.35

1.345

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