Europe has been negotiating a trade agreement with Australia and separately with Japan and NZ. These trade negotiations will have little impact on the currencies and the cross-rates, in the short-term, but are a good sign for the future of the European economy. Inflation in Germany has been falling fast, but any resurgence, will reinforce hawkish monetary policy and add to the upward pressure on the EURO.
Current Level: 0.6105 (1.6380)
Resistance: 0.6121 (1.6337)
Support: 0.6067 (1.6482)
Last Weeks Range: 0.6051-0.6113 (1.6526-1.6358)