Some of the latest price movements in the EUR have reflected a growing sense of optimism in the Euro-Zone, given the mild easing of debt concerns in Greece. Switzerland also appears to be having a positive effect on the region with a recent report which showed retail sales climbing much higher than forecast last month. Investor confidence in the region also appears to have risen slightly better than was anticipated. Whether Europe can sustain this bullish momentum is yet to be seen, but so far the regional currencies appear to be holding their gains.

Forex Market Trends

 EUR/USDGBP/USDUSD/JPYUSD/CHFAUD/USDEUR/GBP
Daily Trenddowndowndownupdowndown
Weekly Trenddownnodownupdownup
Resistance1.37151.512090.951.08450.91900.9165
1.36801.508590.601.08100.91550.9130
1.36501.504590.301.07800.91250.9100
Support1.35801.498089.651.07100.90600.9035
1.35501.495089.301.06800.90300.9000
1.35151.491589.001.06500.90000.8960