The Euro rallied versus the Dollar and all majors, touching the monthly highs as EU stress tests results continue to be released, showing only a handful of bank not passing. Although many investors are skeptical about the positive conclusions from the stress tests, buyers keep seeing an opportunity. The main resistance of the EUR/USD on the daily chart is still 1.3030, and the daily trend remains up. A break above this resistance will indicate its continuation. The main support is located around 1.2700. Overall, EUR/USD traded with a low of 1.2846 and with a high of 1.3005. Today, German Consumer Climate data is expected at 3.6 vs. 3.5 previous and might affect the pair.

EUR/USD - Last: 1.2983

Resistance

1.3007

1.3028

 

Support

1.2965

1.2840

1.2790

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