Fundamental Analysis
* The Euro gained some ground yesterday after the US economy contracted by 4.8%.
* The Fed hinted further money printing is needed to help stimulate the economy.
* The German Unemployment change along with the ECB Monetary Policy Statement will be the key events to watch for today.
Technical Analysis
* The bears are losing momentum as the bulls are on the verge of breaking out from a bearish trend line and the 200-period SMA. 1.09 is the line in the sand.
Support: 1.0815 / 1.0726 Resistance: 1.09/ 1.0950
