There are very few words that can describe last week's trading session. Words such as abnormal, irregular, exceptional were used on a constant basis in order to try and explain how unique indeed was the global trading. Those who didn't think the unusual trading length could continue are now seeing how the EU's decision to confirm the Greek bailout plan is threatening to correct all of last week's trends. This week could be what looks to be yet another extraordinary trading week.

Forex Market Trends

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

Daily Trend
down
no
no
up
down
down

Weekly Trend
up
up
up
down
up
up

Resistance
1.3030
1.4965
93.55
1.1100
0.9100
0.8765

1.2985
1.4930
93.25
1.1075
0.9075
0.8730

1.2950
1.4900
92.95
1.1050
0.9050
0.8700

Support
1.2875
1.4835
92.25
1.1000
0.8975
0.8625

1.2835
1.4800
91.95
1.0970
0.8950
0.8595

1.2800
1.4770
91.60
1.0945
0.8925
0.8570