FXstreet.com (Barcelona) - The Euro Dollar has been one of the biggest movers of Tuesday's European session. bouncing up from 1.2809 to 1.2980, aiming to resistance level at 1.30.

The Euro pulled down from 1.3093 in Asian sesion on news of Russian banks seeking loans worth of $400 billion from foreign creditors which has arisen a renewed wave of fear about the worsening of the financial turmoil.

The EUR/JPY also weakened, lost more than 300 pips on Tuesday to levels around 117.00, where a minor pll back is taking place aiming to resistance level at 118.00.

GBP/USD lost value, despite better than expected trade balance data in the UK dropping about 200 pips to support level at 1.4772, and USD/CHF has lost 190 pips to 1.1593 so far aiming at resistance level around 1.1568.