The grounding of air travel in Europe has put strong downward pressure onto the Euro-Zone's common currency. Analysts are putting losses so far around $1.7 billion, and declaring that European regional airlines likely suffered more than the major airlines of the United States. With concerns over Greece's recovery and bailout still vividly on the minds of financial leaders, the volcanic eruption in Iceland appears to have come at the worst possible time for the EUR.

Forex Market Trends

 
EUR/USD
GBP/USD
USD/JPY
USD/CHF
AUD/USD
EUR/GBP

Daily Trend

Weekly Trend

Resistance
1.3470
1.5510
93.65
1.0775
0.9350
0.8760

1.3450
1.5490
93.45
1.0755
0.9330
0.8740

1.3420
1.5460
93.15
1.0725
0.9300
0.8710

Support
1.3360
1.5400
92.55
1.0665
0.9240
0.8650

1.3330
1.5370
92.25
1.0635
0.9210
0.8620

1.3310
1.5350
92.05
1.0615
0.9190
0.8600