Euro (EUR)

The Euro rose against the Dollar for the 3rd day and crossed the resistance level of 1.3000 during the Asian trading session which is in anticipation of the release of Portugal bonds. The momentum of the EUR/USD seems to be bullish, but is facing resistance at 1.3100. As long as the rate is below 1.3100 levels, a short position is preferred. Overall, EUR/USD traded with a low of 1.2903 and with a high of 1.2992. Today, no major economic data is expected except the release of Portuguese bonds.

EUR/USD - Last: 1.3000

Resistance

1.3100

1.3260

1.3261

Support

1.2900

1.2865

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