Traders seemed anxious in trading yesterday. Comments regarding the recent Greek $1 trillion aid package by a senior IMF member raised new doubts about the EUR. Traders are now concerned that the package came too late and that it might not be enough to bring Greece into the black. Consequently, during most of the trading day the EUR retreated against its major counterparts, while the price of Gold reached a record high.

Forex Market Trends

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

Daily Trend
down
up
down
up
down
down

Weekly Trend
down
down
down
up
down
down

Resistance
1.2900
1.5210
94.90
1.1195
0.9025
0.8575

1.2815
1.5145
94.00
1.1175
0.9000
0.8530

1.2765
1.5060
93.50
1.1145
0.8975
0.8500

Support
1.260
1.4880
92.50
1.1035
0.8890
0.8450

1.2525
1.4850
91.90
1.0975
0.8860
0.8400

1.2500
1.4830
91.50
1.0930
0.8840
0.8365