Daily maximum: 1.3809
Daily minimum: 1.3725EUR/USD has pierced the market mean at 1.3767 on news the Greek government is close to forming a unity coalition and rumors the Italian parliament will support the Berlusconi's government.
All support (1.3682/06; 1.3456) and resistance (1.3832; 1.3906; 1.4056) levels remained untapped as investors are awaiting the Italian government confidence vote results. Meanwhile, the daily trading signals point at a strong bearish bias.
EUR/JPY
Daily maximum: 107.63
Daily minimum: 107.12
The pair has not shown high trading activity yet as investors are waiting for the results of the Italian parliament vote of confidence to the current government headed by Silvio Berlusconi.
Investors should be aware of resistance (108.08/74; 110.02) and support (106.80/18; 104.90) levels today. The daily trading stance remains neutral.
GBP/USD
Daily maximum: 1.6099
Daily minimum: 1.6036
The British pound moved higher today versus its American counterpart on hopes that Europe is heading towards resolving the debt crisis, breaching the market mean at 1.6044.
While the market is expecting the end-result of today's confidence vote in Italy, investors should closely watch the resistance and support levels at 1.6101, 1.6139, 1.6239 and 1.6001, 1.5940 and 1.5841 respectively. The daily market stance is bullish.
USD/JPY
Daily maximum: 78.08
Daily minimum: 77.75
The Japanese yen strengthened today on continuing uncertainty over the EU financial woes, sending the pair even lower to 77.75 comparing to Monday's minimum, after the market mean has been hit at 78.06.
With resistance (78.17/28/49) levels remaining intact at the moment, a breach of support 1 (77.97) and 2 (77.87) levels exposes the last support level at 77.66 to be tested today. The daily market stance is bullish.
USD/CHF
Daily maximum: 0.9067
Daily minimum: 0.8946
As concerns over the EU debt crisis ease, the pair moved higher, hitting the daily maximum at 0.9067 while crossing the daily mean at 0.8978.
None of the support (0.8910; 0.8807; 0.8643) and resistance (0.9073; 0.9133; 0.9297) levels has been tested yet. The daily trading signals point at a strong bullish momentum.