The Euro gained versus the Dollar after Greece announced measures to cut spending and raise taxes. The Euro is dominated by investors' debt fears and any announcements regarding Spain and Portugal's debt could lead to great volatility. Overall, EUR/USD traded with a low of 1.3593 and a high of 1.3735. EUR/USD has jumped from the 1.3450 support and is heading toward the 1.38 resistance after rising from oversold conditions. Today, ECB is expected to leave the Interest Rate unchanged at 1% and will hold a Press Conference following the decision.
EUR/USD - Last: 1.3700