After several weeks in which the Dollar appreciated repeatedly against the Euro, the Euro is showing its first signs of recovery. The rising risk appetite in the market is the main reason for the strengthening Euro, but will it continue?

Forex Market Trends

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

Daily Trend
up
no
down
up
no
up

Weekly Trend
up
up
down
down
up
no

Resistance
1.2425
1.4925
92.30
1.1420
0.8735
0.8415

1.2385
1.4880
92.00
1.1380
0.8700
0.8380

1.2355
1.4840
91.75
1.1345
0.8675
0.8350

Support
1.2300
1.4775
91.10
1.1275
0.8600
0.8295

1.2270
1.4730
90.75
1.1245
0.8575
0.8265

1.2230
1.4695
90.40
1.1210
0.8515
0.8210