The Euro continued to rise against the Dollar on Friday amid speculation traders will buy back the currency as it strengthened to a one-week high after Current Account came out better than forecast at 1.7B vs. -2.7B expected. The EUR/USD has been trading downwards since April and has broken its support levels each time, therefore the momentum is clearly bearish although last week it succeeded to rise nicely vs. the Dollar, the main resistance is located at 1.2680 levels. Overall, EUR/USD traded with a low of 1.2470 and with a high of 1.2672. No economic data expected today owing to Whit Monday bank holiday.

EUR/USD - Last: 1.2508

Resistance

1.2600

1.267

Support

1.2470

1.2415

1.2295

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