Investors raised their appetite for riskier assets during yesterday's trading, but still avoided European and British currencies because of debt worries. The big gainers yesterday were the AUD and CAD, both currencies are linked to commodities, in particular crude oil. Crude oil had recently gained in positive momentum, although it closed slightly lower yesterday. The question remains whether the EUR and GBP will attract some of the appetite for riskier assets.

Forex Market Trends

 EUR/USDGBP/USDUSD/JPYUSD/CHFAUD/USDEUR/GBP
Daily Trenddowndownupupdownup
Weekly Trenddowndownupupdownup
Resistance1.37401.517090.751.08500.92500.9175
1.36951.511590.501.08250.92000.9150
1.36501.503090.201.08000.91650.9105
Support1.35751.493589.701.07300.91100.9045
1.35401.488089.501.06850.90800.9015
1.35001.478589.251.06700.90550.8980