Both the euro and British pound fell against the safe haven currencies yesterday, following a speech from FED Chairman Bernanke which caste doubt over the pace of the global economic recovery. While the euro has traded steadily against the U.S. dollar in overnight trading, it continues to fall against the yen.

Forex Market Trends

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

Daily Trend
down
down
down
up
up
down

Weekly Trend
down
down
down
no
up
down

Resistance
1.28370
1.5275
87.39
1.0597
0.8843
0.8479

1.2836
1.5239
87.05
1.0564
0.8811
0.8458

1.2805
1.5207
86.75
1.0532
0.8780
0.8432

Support
1.2736
1.5153
86.20
1.0470
0.8719
0.8390

1.2702
1.5123
85.91
1.0438
0.8674
0.8369

1.2669
1.5091
85.65
1.0409
0.8641
0.8344