Risk taking took over the marketplace yesterday, as the euro hit a two-month high against the U.S. dollar. A solid day for the global stock market as well as a successful bill auction in Greece, were the main factors causing investors to dump their safe-haven assets in favor of more volatile currencies and commodities.

Forex Market Trends

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

Daily Trend
up
up
up
down
up
down

Weekly Trend
up
up
up
down
up
down

Resistance
1.2945
1.5305
89.95
1.0662
0.8889
0.8422

1.2878
1.5275
89.62
1.0630
0.8866
0.8399

1.2799
1.5245
89.30
1.0601
0.8845
0.8376

Support
1.2581
1.5215
88.61
1.0540
0.8801
0.8334

1.2449
1.5184
88.30
1.0509
0.8778
0.8311

1.2240
1.5151
87.99
1.0481
0.8756
0.8287