EUR Claws Back Against the USD

on May 18 2010 8:13 AM

Yesterday started as a volatile day in which the EUR/USD pair continued to drop and Crude Oil traded below 70$ a barrel. However, during the New York trading hours, after several economic reports from the U.S. signaled a sustained economic recovery, investor confidence improved. Thereafter the EUR managed to gain back some of its losses and crude oil price ended almost unchanged yesterday.

Forex Market Trends

 EUR/USDGBP/USDUSD/JPYUSD/CHFAUD/USDEUR/GBP

Daily Trenddownnonodowndownno

Weekly Trendnodowndowndowndownup

Resistance
1.2425
1.4534
93.38
1.1449
0.8783
0.8609

1.2391
1.4502
93.06
1.1418
0.8761
0.8587

1.2360
1.4470
92.75
1.1387
0.8740
0.8565

Support
1.2298
1.4409
92.14
1.1325
0.8698
0.8524

1.2269
1.4378
91.83
1.1294
0.8677
0.8501

1.2238
1.4344
91.51
1.1261
0.8654
0.8479

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