Euro starts the week on a positive note.

Euro/USD: While still effectively trapped within a broad and volatile trading range, the Euro has started the week on a positive note and after opening in the 1.3225 area initial weakness quickly attracted buying in the 1.3183 zone. This encouraged as rally towards the 1.3276 zone before profit taking trimmed gains just a little to finally close in the 1.3263 region.

GBP/USD: A really quiet and consolidatory start to the week for the GBP with prices remaining trapped within the confines of support at 1.5823 and resistance in and around the 1.5879 zone. The market finally closed the European session very much in the middle of this range at 1.5867.

USD/JPY: Recent impressive USD gains experienced much needed corrective weakness today and after an opening in and around 79.63 prices eased to a low point in the 79.36 zone where support then re-emerged. This fresh buying interest took values back towards the opening levels ahead of finally closing 79.47.

GBP/Euro: While still effectively range bound the GBP came under fresh downward pressure against the Euro today and with initial rally attempts uncovering strong resistance at 1.2025 prices slipped steadily lower for the balance of the session. Support finally re-emerged at 1.1952 before the market finally settled in the 1.1965 region.