Euro (EUR)

 

The Euro soared against the Dollar for a fourth after auctions and speculations that European Union leaders will put efforts to restrain the region's debt crisis. The President Sarkozy mentioned that the Euro is better but still too high vs. dollar. The Interest Rate decision came out unchanged at 1% as expected. Breaching the 1.3380 resistance level might extend farther gains in the pair. Overall, EUR/USD traded with a low of 1.3088 and with a high of 1.3382. Today, the CPI is expected unchanged at 2.2%.

 

EUR/USD - Last: 1.3333

 

Resistance

1.3140

1.3210

Support

1.3040

1.2960

1.2875

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