The high on the Eur/Usd today was 1.4876 which took out the high of 1.4844 on September 22, 2009. The pair has been moving towards the important level of 1.5000 which seems that the Eur/Usd is bound and determined to hit in the near future. The pair has been making new highs over the past month and this trend is likely to continue as long as the Dollar continues to drop as it has been.
The new resistance level is 1.4876 and the most recent support level is at 1.4800.
The Dollar should continue to weaken unless there is some major change in the economy and you can keep up with all the news and economic events by visiting Forex Crunch
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