The Euro jumped against the Dollar to 1.23 zones after the ECB said it would lend banks less than analysts estimated; spurring optimism that funding pressures among financial institutions are lowering, but erased part of the gains after the decision of Moody's to put Spain's rating on review for a potential downgrade. The CPI came out 1.4% worse than expected 1.5%. Breaking the 1.2170 support level might push the pair lower. Overall, EUR/USD traded with a low of 1.2165 and with a high of 1.2303. Today, the Manufacturing PMI is expected unchanged at 55.6.

EUR/USD - Last: 1.2209

Resistance

1.2270

1.2300

1.2400

Support

1.2170

1.2130

1.2060

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