The Euro rose versus most majors, except the GBP, breaking up the monthly highs versus the USD, but closing beneath them almost unchanged. Encouraging economic data, including better- than- expected German Consumer Confidence (3.9 vs. 3.6), keeps pushing the pair to new highs. The Pair continues to move upwards on its clear uptrend, but is now at important resistance price levels, and a reversal downwards becomes more and more anticipated. Overall, EUR/USD traded with a low of 1.2951 and with a high of 1.3044. Today, German CPI is expected at 0.3% cs. 0.1% previous.

EUR/USD - Last: 1.3002

Resistance

1.3047

1.3028

 

Support

1.2965

1.2860

1.2790

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