EUR / USD: The euro rose to highs on Tuesday

On Tuesday, the euro rose
to session highs against the dollar
after data showed that
business activity in the private sector
the euro zone rose in September, the most
weakest pace this year, adding
fears that the region's recovery
loses momentum.

Couple EUR / USD increased by
0.18% to 1.2871 from a session low
1.2816. The pair was likely to find support
at 1.2815, Monday's low, and 14 months,
and resistance at around 1.29.

On Monday, President
ECB Mario
Draghi confirmed that the bank is ready to soften
monetary policy in the future,
if necessary in the fight
with the further risk of a prolonged period
low levels of inflation in the euro area.
Speaking before the Committee on Economic
and Monetary Affairs in the European Parliament,
Draghi also noted that the economic
Activity in the euro area slowed down, and
there is a risk of further decline.

The single currency is more
weakened against the yen, the pair EUR / JPY
decreased by 0.13% to 139.64.