The Euro reached a 2 week high against the Dollar as stocks climbed on speculation the European fiscal debt crisis is unlikely to derail global growth, fueling investor appetite for riskier assets. Interest rate remains unchanged at 1.0%. The EUR/USD has been trading downwards since April but has made a correction during this week, the main resistance on the one hour chart is located at 1.2200 levels. If the pair breaks this level the Euro will probably continue to gain. Overall, EUR/USD traded with a low of 1.1957 and with a high of 1.2142.

EUR/USD - Last: 1.2100

Resistance

1.2150

1.2220

1.2330

Support

1.2000

1.1920

1.1875

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