The Euro closed almost unchanged against the Dollar reducing demand for riskier assets before the European Central Bank announces a rate decision tomorrow. The EUR/USD has been trading downwards since April and has broken its support levels each time, therefore the momentum is clearly bearish, the main support is located at 1.1850 levels, if it breaks this level the Euro will continue to decline. Overall, EUR/USD traded with a low of 1.1924 and with a high of 1.2073. Today, ECB will release its Interest rate decision which is expected to remain at 1.0%. ECB Press Conference will follow the statement.

EUR/USD - Last: 1.1982

Resistance

1.2075

1.2220

1.2330

Support

1.1915

1.1875

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