The Euro was little advanced against the dollar with another attempt to reach the 1.3 zone but was declined once again from this area ant retraced back to 1.29 zones. The Current Account came out -5.8B worse than expected -0.3B. The momentum seems to remain positive for the pair as holding above the major support level at 1.2770. Overall, EUR/USD traded with a low of 1.2869 and with a high of 1.2990. Today, the German PPI is expected at 0.2% vs. 0.3% previously.

EUR/USD - Last: 1.2961

Resistance

1.3000

 
 

Support

1.2950

1.2870

1.2820

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