The pair's down-trend has been halted by the monthly S2 and weekly S1 at 0.8280/42.
The Euro is doing already better today as it approached the weekly S1 at 147.73, after a slide below the 147 mark yesterday.
The price of Gold was little changed in course of the trading day on Wednesday, as a small correction took place and followed a major gain of a day before.
The US Dollar's weakness is spurring the Japanese Yen's recovery, as of now USD/JPY has approached the 118 level, meaning that it has lost almost 400 pips in the week.
GBP/USD has breached 1.57 level and it is continuing to appreciate, at least that is what it has done for the first three days of the week.
EUR/USD continued to show a strong upward development during the trading session back on Wednesday, as it managed to rise through the weekly R1 and monthly PP to reach the December's high at 1.2494.
The Kiwi is continuing what it started yesterday, namely a rebound, after reaching the lowest level this year at 0.7610.
The pair has not fluctuated as strongly as it did yesterday; however, it has added some value to its price.
This is the first day in more than a week, when the Australian Dollar could gain versus the US Dollar.
It looks like its going to be a third consecutive day of losses for the EUR/JPY cross, after it approached the 150 level on Monday.
The bullion rebounded significantly on Tuesday, as bullish impetus was received from the monthly R1 and 55-day SMA around $1,205.
USD/JPY has rebounded from the steep drop yesterday, when the weekly S1 at 119.05 was breached.
The pair has recovered from the lowest level this year, although, it still fluctuates nearby.
EUR/USD surged considerably on Tuesday, as the pair gained more than 100 pips and crossed the long-term downtrend.
The pair fell below yesterday's low earlier today, which was also this year's low, although, after that the Kiwi received a solid piece of bullish impetus from 0.76 level.
With this week's bullish stance the pair headed for the 1.15 level, which it approached earlier today.
This trading day has been a little different compared to the previous ones, as even though the pair set a new low, it is starting to show some resistance to the down-trend.
EUR/JPY has prolonged its yesterday's decline, with a drop below the weekly PP at 148.63.
The bullion rebounded significantly in course of Monday, as bullish impetus was received from the weekly pivot point at $1,185.
The pair failed to breach the 122 level yesterday and since then it has started to decline.
Yesterday the pair declined to the lowest level seen this year at 1.5542; however, at that point the Pound received a bullish impetus that has pushed the pair near the down-trend's resistance line once again.
EUR/USD pair increased in value on Monday, reaching the monthly S1 at 1.2339. However, the pair closed the day below this important resistance.
The NZD/USD has reached the monthly and weekly S1 at 0.7687/41 that have to support the pair, if we want to see a further development of the triple bottom pattern.
The Euro has slipped below the weekly PP at 148.63, after the relatively good last week, when the pair added to its value on a weekly basis.