EUR/USD
Daily maximum: 1.3704
Daily minimum: 1.3578
The single European currency advanced higher today against the American dollar on hopes that new Prime Ministers - both in Italy and Greece - will deal with the financial problems of within their countries, causing EUR/USD to breach the market mean at 1.3587.
Support (1.3510; 1.3412; 1.3243) levels remained intact today whereas a breach of resistance 1 at 1.3679 paves the way to the remaining resistance lines at 1.3750 and 1.3920 respectively. The daily outlook remains strongly bearish.
EUR/JPY
Daily maximum: 105.85
Daily minimum: 105.37
The pair remained flat as more uncertainty over the EU debt turmoil causes investors to seek for safe-havens; therefore EUR/JPY crossed the market mean at 105.50 while moving downwards.
All resistance (106.20; 106.71; 107.95) and support (104.95; 104.21; 102.97) levels remained intact today. The daily market bias is bearish.
GBP/USD
Daily maximum: 1.5999
Daily minimum: 1.5896
The British national currency continued a downward movement against its American counterpart, piercing the market mean at 1.5930.
While none of the support (1.5875; 1.5813; 1.5697) has been tested yet, after resistance 1 at 1.5910 has been touched, investors should be aware of the upcoming levels at 1.6046 and 1.6163. Meanwhile, the daily market bias is still bearish.
USD/JPY
Daily maximum: 77.66
Daily minimum: 77.16
After touching the market mean at 77.66, the Japanese yen inched lower today as the EU debt crisis continues showing no signs of being solved in the short-term.
None of the resistance (77.85; 78.04; 78.40) levels has been touched, whereas a breach of support 1 (77.48) and 2 (77.31) exposes the last support at 76.94. The daily trading signals are neutral.
USD/CHF
Daily maximum: 0.9083
Daily minimum: 0.9024
The American dollar slipped today versus the Swiss Franc as investors hope suspense of previous PMs in Greece and Italy will help in solving the European debt woes in the near term.
All support (0.9000; 0.8942; 0.8809) and (0.9133; 0.9208; 0.9341) levels remained untapped today. The daily market trend is bullish.