The EUR has reemerged these past couple of trading days. Few analysts were anticipating such a rapid bounce-back in the value of the EUR by this time last week. Now, however, it seems as if this rise has left some feeling uneasy. Upward corrections to such a sustained downward movement are to be expected, analysts have repeatedly stated, but there is still a concern that these sharp swings represent instability, and have a number of investors worried as a result.

Forex Market Trends

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

Daily Trend
up
up
down
down
up
no

Weekly Trend
up
up
down
down
up
no

Resistance
1.2760
1.4550
91.25
1.1630
0.8445
0.8860

1.2730
1.4515
90.90
1.1600
0.8410
0.8825

1.2700
1.4480
90.60
1.1565
0.8375
0.8790

Support
1.2630
1.4410
89.90
1.1490
0.8310
0.8725

1.2600
1.4380
89.60
1.1460
0.8280
0.8690

1.2570
1.4350
89.30
1.1430
0.8250
0.8660