The EUR strengthened against the Dollar and the Yen for the third day this week after Spain's bond auction drew increased demand, easing concern about Europe's debt crisis. The EUR/USD has been trading upwards in the last two weeks and the main resistance on the daily chart is located at 1.2500 levels. If it breaks this level the Euro will probably continue to gain. Overall, EUR/USD traded with a low of 1.2242 and with a high of 1.2412. Today, German PPI is expected to weak from 0.8% to 0.2%.

EUR/USD - Last: 1.2393

Resistance

1.2412

Support

1.2345

1.2250

1.2170

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