The Federal Reserve launched the Euro-Dollar higher, only to splatter it into a strong technical glass ceiling.
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The Euro to Dollar exchange rate rallied towards 1.0750 after firm economic and inflation figures from the Eurozone showed there was no need for the European Central Bank to slash interest rates.
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The Euro to Dollar exchange rate looks at risk of further weakness in the coming five days, particularly if Eurozone inflation data undershoots.
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The Euro is supported by upbeat Eurozone sentiment data and hawkish statements from European Central Bank (ECB) policymakers.
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The Euro to Dollar exchange rate will be better insulated against further weakness after a key German survey showed that the economy had turned a corner.
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The Euro to Dollar exchange rate rallied following the release of a bumper German services PMI print that overshadowed another disappointment in the manufacturing sector.
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The Euro to Dollar exchange rate is forecast to trade at higher levels this week, although the bigger picture remains one of weakness into the 1.05 level.
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