The Euro rallied versus the Dollar but eventually finished lower after investors started to question the 1 Trillion Dollar aid package. The EU decided on a 1 trillion Dollar plan to rescue the region from its spreading debt crisis, but investors are doubtful if the aid would be useful. Overall, EUR/USD traded with a low of 1.2758 and a high of 1.3094. EUR/USD has jumped upwards until reaching its 1.31 resistance but wasn't able to sustain its gains. The main trend continues to be bearish. Today, German Final CPI is expected unchanged with -0.1%. Buba President Weber will speak in Zurich.

EUR/USD - Last: 1.2760

Resistance

1.2950

1.3000

Support

1.2700

1.2600

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