The Euro weakened versus the Dollar after data on U.S. factory orders and service industries failed to bolster confidence that the economic recovery is gaining momentum. 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 1.2100 levels, if it breaks this level the Euro will continue to decline. Overall, EUR/USD traded with a low of 1.2152 and with a high of 1.2327. No major economic data expected today.

EUR/USD - Last: 1.2168

Resistance

1.2330

1.24

1.2450

Support

1.21

 
 

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