EUR / USD: The pair falls during the performance Mario Dragi

On Wednesday morning, the euro
It is rising against the dollar, with investors
carefully listen to speech
the head of the European Central Bank
Mario Draghi. But the disappointing data,
published on Tuesday, still
continue to exert pressure.

At the close of Asian
Trading EUR / USD pair reached the 1.2625 level -
low on Monday, and then
consolidated at 1.2645. The pair was likely,
to find support at 1.2582, the low of 7
of October, and resistance at 1.2769, the high of
Tuesday.

The euro is still
under pressure after the data in
Tuesday, which showed - index
Economic sentiment in Germany
deteriorated in October, showing
concerns regarding
largest economy in the eurozone. Centre
Economic Research ZEW calculated
the index of economic sentiment in
Germany fell this month to 10.5 points
September to -3.6 from 6.9. The index of economic
Sentiment in the euro zone fell in
September to 4.1 from 14.2 in August.

investors closely
listen to an address by the ECB
Mario Dragi, which may sound
hints for future political decisions
the central bank.

The euro was also down against the
the pound, with EUR / GBP has weakened - to 0.7950.

Also today, in the United States
there are data on retail sales,
reports on producer prices and
Manufacturing activity in the State of
New York.

Currently the pair EUR / USD is trading at 1,2650, EUR / GBP - at the level of 0.7951.