The Euro gained slightly against the Dollar as Federal Reserve Chairman Ben S. Bernanke said interest rates are expected to remain at low levels for the coming period. GfK German Consumer Climate came out at 3.2 vs. 3.1 forecast. Industrial New Orders came out better than the forecast at 0.8% vs. -1.1%. The trend is clearly bearish, the moving average support a bearish trend as well, the first resistance on the daily graph is 1.37. Overall, EUR/USD traded with a low of 1.3503 and with a high of 1.3626. Today, German Unemployment Change is expected to rise from 6K to 18K, M3 Money Supply is expected to become positive 0.1% vs. -0.2% prior.

EUR/USD - Last: 1.3483

Resistance

1.3550

1.3625

1.3695

Support

1.3444

1.34

1.3345

width=450