The Euro reached the lowest level in 14-month against the Dollar despite the ft that the European leaders yesterday unveiled an almost $1 trillion bailout plan for indebted nations on concern deficit-cutting measures will undermine growth. The EUR/USD has been trading downwards since April and has broken its support levels each time, therefore the momentum is clearly bearish. Overall, EUR/USD traded with a low of 1.2518 and with a high of 1.2685. No economic data expected today.
EUR/USD - Last: 1.2530