EUR Claws Back Against the USD

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

Daily Trend
down
no
no
down
down
no

Weekly Trend
no
down
down
down
down
up

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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