The EUR pairs rose from Friday's lows, particularly against the US Dollar and Japanese Yen, despite the continued slide in global equities. The EUR/USD finished the day higher despite a trading day that was influenced by reduced risk taking. Global equities were lower across the board with the DAX down 0.57% and the S&P 500 lower by 1.35%. Most of the gains in the EUR/USD, however, can be contributed to profit taking from Friday's trading session.

Forex Market Trends

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

Daily Trend
no
no
down
no
no
no

Weekly Trend
no
up
down
no
down
down

Resistance
1.2100
1.4600
92.65
1.1705
0.8290
0.8360

1.2040
1.4565
92.30
1.1675
0.8245
0.8325

1.2000
1.4530
92.00
1.1635
0.8215
0.8290

Support
1.1930
1.4460
91.25
1.1575
0.8150
0.8225

1.1900
1.4425
90.95
1.1545
0.8120
0.8185

1.1850
1.4395
90.55
1.1510
0.8090
0.8140