The Euro fell from almost a two- month high against the Dollar and slid versus the Yen on speculation tests to demonstrate the resilience of the region's banking system will fail to assure investors. The EUR/USD has been trading upwards since last week and broken its resistance levels on the daily chart at 1.2500, therefore the momentum is bullish, as long the price is above 1.2500 a long position is preferred, the 10 moving average support a long trend as well. Overall, EUR/USD traded with a low of 1.2551 and with a high of 1.2645. Today, German ZEW Economic Sentiment is expected to weak from 28.7 to 25.2.

EUR/USD - Last: 1.2592

Resistance

1.2650

1.2722

Support

1.2550

1.2480

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