Fears that the sovereign debt issues will spread to other weak economies such as Spain and Portugal as well as concerns that the bailout package will not be enough to return Greece to solvency caused the EUR to fall to its lowest level in 14 months versus the USD.

Forex Market Trends

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

Daily Trend
down
down
down
up
down
down

Weekly Trend
down
down
down
up
down
down

Resistance
1.2908
1.5197
94.78
1.1285
0.9112
0.8558

1.2877
1.5165
94.46
1.1153
0.9091
0.8535

1.2846
1.5135
94.15
1.1212
0.9070
0.8512

Support
1.2785
1.5074
93.54
1.1150
0.9024
0.8464

1.2754
1.5041
93.22
1.1119
0.9003
0.8441

1.2722
1.5009
92.91
1.1089
0.8978
0.8419