Will the Euro Continue to Recover?

 @ibtimes
on February 22 2010 4:15 AM

Last week's trading was mostly characterized by the sharp change of trends in the market. The most notable trend reversal was of the Euro, which dropped during the beginning of the week, just to bounce back later on, due to speculations of a Greek rescue plan. The main question for this week's trading is whether the Euro will continue to recover, or will the EUR/USD pair will reach a new low.

Forex Market Trends

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

Daily Trend

Weekly Trend

Resistance
1.3715
1.5560
92.50
1.0825
0.9090
0.8890

1.3695
1.5540
92.30
1.0805
0.9070
0.8870

1.3665
1.5510
92.00
1.0775
0.9040
0.8840

Support
1.3605
1.5450
91.40
1.0715
0.8980
0.8780

1.3575
1.5420
91.10
1.0685
0.8950
0.8750

1.3555
1.5400
90.90
1.0665
0.8930
0.8730

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