The Euro continues to fall versus the Dollar after the Swiss National Bank sold its currency and pushed the Euro down as well. The surprising discount rate increase in the US continued the drop of the Euro and it is expected to fall as Europe market opens and as long the EUR/USD trading below 1.3750 the momentum is totally bearish. Overall, EUR/USD traded with a low of 1.3505 and with a high of 1.3654. Today, German PPI is expected to rise from -0.1% to 0.4% and German Flash Manufacturing PMI is expected at 54.1 vs. 53.7.

EUR/USD - Last: 1.3475

Resistance

1.3509

1.3654

1.3788

Support

1.3444

1.3390

1.3340

width=450