Europe’s largest economy continues to push forward – factory order grew by 2.4%, 4 times the early expectations. This sends the EUR/USD further above, at a safer distance from the critical resistance it broke earlier. Germany’s economy is healthy. Very healthy. The Euro-zone’s powerhouse saw another strong month of growth in factory orders, 2.4%. This follows a rise of 3.1% last month, also revised to the upside from 2.9% initially reported. This German strength is totally different from the situation in Portugal, Ireland and Greece, which are struggling with their debt, and see no real growth in the near and far future. As the ECB is more tuned towards Germany, this figure helps the Euro. EUR/USD rises and gets further away from the all-important line of 1.4282 it broke earlier. It’s important to note that after the breakout, Euro/Dollar descended and got too close to this line again, making the break a false one. But this excellent figure from Germany helpes the pair stabilize above 1.43, at a safer distance from this line. We can confirm the breakout only if it holds throughout the US session. This line, which was the peak in November, was closely watched by everybody. EUR/USD last traded at these levels back in January 2010, about 15 months ago. The next level of resistance is only at 1.4450, followed by 1.4580. 1.4282 now turns into support, followed by 1.4160. For more levels, analysis and upcoming events, see the EUR/USD Forecast. The big event is tomorrow – the rate decision. The ECB is expected to raise the European Minimum Bid Rate by 0.25%. But this is far from being 100% certain. There’s also a chance of a 0.50% hike. In case of an expected hike of 0.25%, the words of ECB president Jean-Claude Trichet in the press conference will make the difference for the Euro. Trichet might hint about future moves, a series of hikes, or he may hint a pause – a “wait and see” policy. See the ECB Preview for more. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next EURUSD: Resumes Long Term Uptrend Yohay Elam 12 years Europe's largest economy continues to push forward - factory order grew by 2.4%, 4 times the early expectations. This sends the EUR/USD further above, at a safer distance from the critical resistance it broke earlier. Germany's economy is healthy. Very healthy. The Euro-zone's powerhouse saw another strong month of growth in factory orders, 2.4%. This follows a rise of 3.1% last month, also revised to the upside from 2.9% initially reported. This German strength is totally different from the situation in Portugal, Ireland and Greece, which are struggling with their debt, and see no real growth in the near and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.