The Euro fell broadly throughout the night following news that the Spanish government is planning to takeover a smaller savings bank due to a failed merger attempt. The EUR/USD, currently trading below the 1.2300 level, has fallen more than 100 pips since yesterday evening as one of the results.

Forex Market Trends

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

Daily Trend
no
up
up
no
up
down

Weekly Trend
down
down
no
up
down
down

Resistance
1.2420
1.4470
90.90
1.1710
0.8290
0.8660

1.2385
1.4435
90.60
1.1680
0.8260
0.8630

1.2340
1.4400
90.30
1.1645
0.8230
0.8600

Support
1.2275
1.4320
89.75
1.1575
0.8175
0.8520

1.2240
1.4295
89.40
1.1550
0.8145
0.8495

1.2205
1.4250
89.10
1.1520
0.8115
0.8460