FXstreet.com (Barcelona) - U.S. markets have posted gains at the opening on news of U.S. Government increasing its stake at Citibank, although the sentiment has turned around an hour later an markets entered on red numbers, Euro and Pound have dropped some ground.

EUR/USD has fallen further since its rejection from 1.3000 resistance level. The Euro has failed to remain above 1.2800 and 1.2750 support levels and is heading towards 1.2720.

GBP/USD has also lost some of the gains posted this morning, after falling from 1.4660 (61.80% retracement level 1.5374 - 1.3505), the GBP/USD has lost around 120 pips and trades below 1.4550 on its way to support level at 1.4500.

USD/JPY has dropped from 94.95 to 94.15 in early U.S. session and at the moment is trying to hold above support line at 94.35 to aim at 94.64 Jan 9 high) again.

USD/CAD has dropped form 1.2550after the release of worse than expected Canadian Retail sales, but the drop was sustained at support level at 1.2455, from where the pair has recovered partially on its way towards 1.2550.