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

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Weekly Trend

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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