The Euro was provided assistance earlier today when the European Central Bank (ECB) announced that interest rates would be held steady - as was expected - and that there was little fear of a sovereign default by Greece. Such a turn of events gave the 16-nation single currency a much needed boost against its primary rival, the US Dollar, but some analysts contend that these gains will be short-lived.

Forex Market Trends

 EUR/USDGBP/USDUSD/JPYUSD/CHFAUD/USDEUR/GBP
Daily Trend

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Weekly Trend

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Resistance1.34251.536094.351.08150.93550.8815
1.34051.534094.151.07950.93350.8795
1.33751.531093.851.07650.93050.8765
Support1.33151.525093.251.07050.92450.8705
1.32851.522092.951.06750.92150.8675
1.32651.520092.751.06550.91950.8655