Yesterday's trading was characterized with high optimism regarding global recovery. This optimism has boosted the European currencies, such as the euro and the pound, and weakened the relatively safer currencies - the US dollar and Japanese yen. As long as the leading economies continue to provide positive data, this trend has potential to remain. Today's publications, especially from the US, are likely to determine whether the trend can continue today as well.

Forex Market Trends

 EUR/USDGBP/USDUSD/JPYUSD/CHFAUD/USDEUR/GBP
Daily Trendupupnononodown
Weekly Trendupupdowndownupdown
Resistance1.32501.596087.201.04600.91950.8375
1.32301.594087.001.04400.91750.8355
1.32001.591086.701.04100.91450.8325
Support1.31401.585086.101.03500.90850.8265
1.31101.582085.801.03200.90550.8235
1.30901.580085.601.03000.90350.8215