The Euro gained against most currencies as Greece successfully auctioned debt to investors, restoring investors' confidence after Portugal's credit rating downgrade and German ZEW data which came out weaker than expected at 21.2. The EUR/USD has been trading upwards for the pass month with a clear technical uptrend, forming higher highs and higher lows, after breaking up another resistance at 1.2722. Unless obvious signs of a trend reversal appear, the direction remains upwards. Overall, EUR/USD traded with a low of 1.2521 and with a high of 1.2737, closing at 1.2722 gaining 1.01%. Today, Core CPI is expected at 0.9% vs. 0.85% previous, and CPI expected at 1.4% left unchanged.

EUR/USD - Last: 1.2714

Resistance

1.2739

 
 

Support

1.2691

1.2615

1.2551

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