Analysts point out the apparent doubts investors have over the ability of the Greek bailout to perform its task well enough to actually prevent the country from falling into default. Since financial and employment woes seem to be mounting in Europe, uncertainty has gripped most equity markets, resulting in a mad dash to safety. The USD has been the primary outlet for this risk aversion, and may continue to be so for the remainder of this week.

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
up
up
down
down

Resistance
1.3025
1.5213
95.51
1.1142
0.9163
0.8934

1.3006
1.5192
95.30
1.1121
0.9142
0.8916

1.2975
1.5160
94.99
1.1090
0.9112
0.8887

Support
1.2917
1.5101
94.43
1.1030
0.9054
0.8825

1.2885
1.5072
94.12
1.1001
0.9025
0.8794

1.2863
1.5051
93.89
1.0083
0.9003
0.8776