The Euro strengthened against all currencies as signs of relief in economic difficulties in the EU keep investors positive. 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, and pushing up nicely since. Unless obvious signs of a trend reversal appear, the direction remains upwards. Overall, EUR/USD traded with a low of 1.2706 and with a high of 1.2954, closing at 1.2949 gaining 1.62%. Today, the Trade Balance data is expected at 1.4B vs. 1.6B previous and may affect the Euro.

EUR/USD - Last: 1.2915

Resistance

1.2945

 
 

Support

1.2868

1.2777

1.2738

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