© Dukascopy
Daily
maximum: 104.28
The pair commenced a downward slide as investors preferred to acquire Japanese yens, seeking for safe-haven amid growing uncertainty over the EU debt crisis. Therefore, the market mean at 104.61 remained intact today.
All
support (103.25; 102.94; 102.18) levels remained untapped today, while a breach
of resistance 1 at 104.00 paves the way to the next levels at 104.46 and 105.22
if the bullish bias occurs. The daily trading signals point at a bullish
momentum.