The Euro closed almost unchanged against the Dollar on speculation Europe's sovereign-debt crisis is worsening in Spain. The EUR/USD has been trading downwards since April but has made a retracement during the past two weeks. The main resistance on the daily chart is located at 1.2360; if it breaks above this level the Euro will probably continue gaining. Overall, EUR/USD traded with a low of 1.2254 and with a high of 1.2353. Today, ECB Monthly Bulletin will be released and Buba President Weber will speak.

EUR/USD - Last: 1.2278

Resistance

1.2347

 
 

Support

1.2250

1.2170

1.2045

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