The Euro remained unchanged versus the Dollar after earlier touching its lowest levels in 4 years. Concerns that European austerity measures will undermine the region's growth and concerns that the EU may be disintegrated left the Euro at low levels near 1.24. Overall, EUR/USD traded with a low of 1.2234 and a high of 1.2414. EUR/USD main trend is downwards. Oversold Daily RSI conditions could suggest a retracement is near. Today, German ZEW Economic Sentiment is expected lower with 47.1 versus 53 prior. CPI is expected unchanged with 1.5%.

EUR/USD - Last: 1.2345

Resistance

1.2440

1.2535

Support

1.2250

1.2200

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