The Euro climbed amid signs that funding pressures are easing on Europe's financial institutions. The Euro breached above 1.25 and jumped to 6 week high against the dollar. The Manufacturing PMI came out unchanged at 55.6 as expected. Trading above the support level of 1.2470 keeps the momentum positive for the pair. Overall, EUR/USD traded with a low of 1.2192 and with a high of 1.2539. Today, the Unemployment Rate is expected unchanged at 10.1%. The PPI is expected at 0.3% vs. 0.9% previously.

EUR/USD - Last: 1.2512

Resistance

1.2530

 
 

Support

1.2470

1.2400

1.2350

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