Both Euro and GBP end the week on a positive note.

Euro/USD: The Euro continued its short term recovery today and after consolidating throughout the morning session between 1.2900 and 1.2940 values broke decisively to the upside. This saw values accelerate to a peak of 1.3029 before finishing in and around the 1.2997 region.

GBP/USD: The GBP burst into life in the afternoon following a relatively quiet morning’s trading between resistance at 1.5243 and support in the 1.5200 area. As values burst through this upper boundary the market accelerated to a peak in the 1.5327 region prior to finally closing in and around 1.5304.

Euro/JPY: The Euro remained steady against the JPY today and despite early strength being restricted by resistance in the 12560 area pullbacks proved limited with willing buyers being uncovered in the 12387 region. The market bounced once more with the European day coming to a conclusion in and around 12523.

GBP/Euro: A really quiet sideways and consolidatory session was experienced as the GBP and Euro basically tracked each other closely effectively keeping prices trapped between support at 1.1737 and resistance in the 1.1799 area. The European trading week finally closed in and around the 1.1767 region.

Euro and GBP both benefit from extreme JPY weakness.

Euro/USD: The Euro experienced a choppy two way market action today and after initially drifting lower towards 1.2783 prices then became rather agitated. Bounces found sellers again at 1.2837 forcing values to a low point of 1.2745 from where a strong recovery then began, seeing the market storm to a peak of 1.2882 before finally closing in and around 1.2861.

GBP/USD: The GBP experienced a day of clearly two halves with the morning session seeing values weaken from an opening of 1.5137 to a low point of 1.5033. However at this point the buyers returned and the second part of the European day witnessed a strong recovery with a peak of 1.5201 being established right on the close.

Euro/JPY: Extreme JPY weakness today saw the Euro benefit enormously and from an opening in the 11939 area values stormed higher throughout the balance of the European session. While a little resistance was encountered at 12222 this was eventually breached and peaks for the day established at 12395. Prices finally closed only marginally beneath here at 12368.

GBP/Euro: After opening in the 1.1782 area the GBP initially slipped a little but only as far as 1.1735 where fresh buying interest was then stimulated. This forced values steadily higher throughout the balance of the session with peaks for the day being secured at 1.1856. Book squaring/profit taking then trimmed gains with the market finally closing in and around the 1.1818 region.

Euro recovers some lost ground in the afternoon.

Euro/USD: After opening in the 1.2818 area the Euro initially fell away but only as far as the 1.2790 zone where good buying re-emerged and during the balance of the session prices rebounded impressively to make a peak of 1.2864 prior to finally closing in and around the 1.2845 region.

GBP/USD: The GBP recovered some lost ground today and after early weakness found good support in the 1.5075 area values improved throughout the balance of the European session. Highs for the day were established in the 1.5158 region prior to profit taking trimming gains on the close to finish around 1.5142.

Euro/JPY: The Euro lost a little ground against the JPY today but in a rather volatile session which saw prices swing in both directions during the course of the day. Initial downward pressure uncovered willing buyers around the 11945 area from where the market sprang higher impressively towards 12019 although these gains proved short lived. The balance of the day saw values slip away with a test of 11919 being staged on the close.

GBP/Euro: A rather boring sideways performance from this pairing today which saw values restricted between the confines of resistance at 1.1809 and support in the 1.1770 zone. The European session finally closed in and around the 1.1790 area.

GBP loses ground while Euro consolidates once more.

Recent Euro losses continued to be digested today and while early rally attempts ran into strong overhead resistance in the 1.2878 area from where values slipped a little during the balance of the day. However this proved rather muted with support being uncovered in the 1.2812 zone with the market finally closing just above here in the 1.2834 zone.

GBP/USD: The GBP lost ground against the USD today and after early rally attempts were thwarted by resistance in the 1.5258 area values slipped away steadily during the balance of the European session. Support finally emerged in the 1.5112 region although prices closed only marginally above here in and around the 1.5118 zone.

Euro/JPY: The Euro basically spent the day consolidating against the JPY today and after early weakness was well supported in the 11914 area values bounced but only as far as 12016 where resistance capped the rally. This choppy session finally came to a close in the 12000 region.

GBP/Euro: The GBP lost ground against the Euro today and after early rally attempts were capped by resistance in the 1.1870 area the market headed south during the balance of the session. Lows for the day were established right on the close in and around the 1.1772 zone.

Euro downward cycle pauses for breath ahead of Easter break.

Euro/USD: Recent Euro weakness was digested today with prices effectively consolidating throughout the session. With early weakness being cushioned by support in the 1.2755 area values bounced a little during the afternoon with resistance in the 1.2845 zone coming under examination. The European day finally closed in and around 1.2821.

GBP/USD: A nervous two way market action was experienced today which saw prices swing between resistance in the 1.5199 area and support in the 1.5112 zone. This volatile but generally consolidative session finally came to a close in and around the 1.5167 region.

Euro/JPY: The market consolidated during the morning with initial strength being restricted by resistance at 12078 which forced prices to retreat towards 11976. However, the buyers returned at this point and the market improved to make a peak for the session at 12096 ahead of finally closing in and around the 12064 region.

GBP/Euro: A day of two halves that witnessed GBP strength in the morning that ran into strong selling in the 1.1884 area. This reversed fortunes and values slipped away with little support being uncovered until the 1.1798 zone. The European day finally closed in and around the 1.1835 region.

Euro remains under pressure as further layers of key support are breached.

Euro/USD: The Euro came under serious downward pressure today and while the early morning saw prices consolidate just above key support around 1.2818 once this was decisively broken values accelerated to a low point of 1.2751 prior to fresh buying being stimulated. This weak European session finally came to a close in and around the 1.2782 region.

GBP/USD: The GBP weakness of the past few days continued and after early strength met strong resistance in the 1.5182 area values slipped southwards for the balance of the session. Support finally re-emerged in the 1.5093 zone where some light short covering lifted the market a little to close the European day in and around the 1.5117 region.

Euro/JPY: After consolidating for a short period around the opening levels of 12162 the Euro came under fresh downward pressure and as supports gave way the market headed quickly towards 11995 ahead of renewed buying being uncovered. Some light book squaring then saw prices lift a little to close in the 12068 region.

GBP/Euro: The GBP resumed its recovery phase against the Euro today and from an opening in the 1.1788 area values worked steadily higher for the balance of the session to record a peak of 1.1847 ahead of finally closing in and around the 1.1830 region.

Euro digests yesterday’s sharp losses.

Euro/USD: A relatively quiet and sideways performance from the Euro today as recent falls were digested. Weakness was well supported in the 1.2828 area with bounces being restricted by strong overhead resistance in the 1.2890 zone. This consolidatory session finally closed in and around the 1.2852 region.

GBP/USD: Recent GBP recoveries continued to be corrected and reconsolidated today and after early rally attempts were quickly thwarted by resistance in the 1.5207 area values slipped lower once again. Support in the 1.5135 zone came under examination prior to finally closing the European session in and around the 1.5156 region.

Euro/JPY: Yesterdays sharp Euro losses were digested today as values tracked sideways between the relatively narrow parameters of resistance at 12165 and support in the 12072 zone. This quiet consolidatory session finally closed in and around the 12115 region.

GBP/Euro: Recent GBP recoveries were digested today and after opening at 1.1803 rally attempts ran into heavy selling in the 1.1822 area. This forced values lower but only as far as 1.1765 where support cushioned losses. The European session finally closed in and around the 1.1789 region.

Euro loses ground after buoyant opening

Euro/USD: The Euro stated this week on a really negative note and after early strength ran into heavy selling in and around the 1.3050 area values fell away throughout the balance of the European session. Support in the 1.2865 region came under serious examination late in the afternoon with prices finally closing only marginally above here in and around 1.2886.

GBP/USD: Early GBP strength could not be sustained with strong resistance being encountered in the 1.5259 area. This disappointed and unnerved the bulls and the market slipped lower during the balance of the day. The 1.5143 region came under renewed examination in the afternoon with prices finally closing the European session in and around the 1.5186 zone.

Euro/JPY: The Euro came under renewed downward pressure today and after a short period of consolidation in and around the opening levels of 12350, values headed south for the remainder of the session. While a little support was uncovered at 12284 this proved short lived and lows for the day were finally established around 12148 prior to closing in the 12172 region.

GBP/Euro: The GBP gained ground against the Euro today and after consolidating for the early part of the morning session between 1.1680 and 1.1729 values broke decisively to the upside. This triggered acceleration to a peak of 1.1800 before finally closing only marginally beneath here in the 1.1785 region.

Euro loses ground against both the USD and GBP.

Euro/USD: The consolidatory action of the past few sessions continued today with the Euro trading nervously within a choppy holding pattern. Early Euro strength ran into resistance quickly in the 1.2955 area from where values slipped lower to challenge support in the 1.2880 area. The balance of the session saw prices track sideways, underpinned by this area of demand and selling in the 1.2931 zone. The European day finally closed around 1.2930.

GBP/USD: The GBP continued its recovery today and after opening in the 1.5098 area values pushed higher for the balance of the morning session to secure a peak in the 1.5210 region. Profit taking then trimmed gains seeing values slip back towards 1.5126 prior to finally closing in and around the 1.5174 zone.

Euro/JPY: The Euro gave up recent gains today and from an opening in the 12415 area values fell away consistently throughout the balance of the session. Support finally re-emerged in the 12246 zone from where a little book squaring saw a recovery late in the afternoon with prices finally closing in the 12335 region.

GBP/Euro: The GBP put in a positive performance today and after opening in the 1.1670 area values stormed to a peak of 1.11780 just before lunch. Profit taking then trimmed gains seeing a correction back towards 1.1723 prior to finally closing the European session in and around the 1.1735 zone.

Both the GBP and Euro improve albeit in volatile fashion.

Euro/USD: A much better performance from the Euro today as recent losses continued to be corrected. After opening in the 1.2869 area values strengthened impressively throughout the day to secure a peak in the 1.2973 area prior to profit taking trimmed gains to finish in and around the 1.2944 zone.

GBP/USD: A really volatile session which saw sharp moves in both directions but the underlying trend for the day was up and the GBP finished positively in the end. Early weakness uncovered support in the 1.5025 area from where values raced up to 1.5130 ahead of returning to visit earlier support areas. Success on holding here encouraged a further impressive rally to secure a peak of 1.5187 prior to closing the European session around 1.5145.

Euro/JPY: The Euro staged a good rally today against the JPY and after opening in the 12233 area values headed north almost immediately. Little resistance was encountered until the 12401 region with the market finally closing just beneath here in the 12366 zone.

GBP/Euro: A rather choppy performance from the GBP today and after opening at 1.1732 values slipped quickly lower to challenge support at 1.1653 ahead of bouncing sharply with a retest of then 1.1736 then seen. This forced a further dramatic drop towards 1.1624 before finally closing this volatile session in and around the 1.1692 zone.