The Euro gained versus the Dollar after reaching 14 month lows. Rumors about a new emergency plan by the EU helped the Euro gain back, despite the strong negative momentum. Overall, EUR/USD traded with a low of 1.2585 and a high of 1.2798. EUR/USD is on a clear downtrend but oversold conditions according to the daily RSI could lead to strong retracements upwards. Today, French Industrial Production is expected higher with 0.3% versus 0% prior.
EUR/USD - Last: 1.2835