The Euro rose against the dollar reaching the 1.24 zone but couldn't hold the gains and retraced back to 1.2330 zones. The Industrial New Orders came out 0.9% worse than expected 1.6%. Overall, EUR/USD traded with a low of 1.2259 and a high of 1.2387. Holding above the support level of 1.2270 levels keeps the momentum positive for the pair. No major economic data is expected today.

EUR/USD - Last: 1.2330

Resistance

1.2360

1.2400

Support

1.2270

1.2220

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