The Euro plunged to its weakest level against the Dollar in more than a year as protests in Greece turned deadly and Moody's Investors Service warned that Portugal's credit rating may be reduced. The EUR/USD has been trading downwards since last week and has broken its support levels each time, the momentum is clearly bearish. Overall, EUR/USD traded with a low of 1.2803 and with a high of 1.2996. Today, ECB will announce the interest rate decision which is expected to remain at 1.0%, German Factory Orders are expected to rise from 0.0% to 1.3%.
EUR/USD - Last: 1.2845