Euro continues to digest recent losses.

Euro/USD: The Euro tracked sideways within the relatively tight parameters of resistance at 1.2970 and support at 1.2912 as recent falls continued to be digested for the time being. The rather quiet European session finally closed in and around the 1.2929 region.

GBP/USD: A further choppy but generally sideways performance from the GBP today and with weakness being cushioned by support in the 1.5073 area the market bounced towards 1.5144 before returning to re-challenge earlier supports once again. The European session finally closed in and around the 1.5093 zone.

Euro/JPY: The Euro slipped a little against the JPY today and with early strength being restricted by resistance in the 12414 area values headed lower for the balance of the session. Lows for the day were established late afternoon around 12283 prior to finally closing in the 12291 region.

GBP/Euro: Very little to report on this pairing with price movements being restricted by resistance at 1.1694 and support in the 1.1644 area. This quiet sideway action finally came to a close in and around the 1.1673 zone.

Euro recoups some losses during the European session.

Euro/USD: Having fallen sharply in Asian time, the Euro opened in the 1.2905 area but quickly uncovered good support in and around the 1.2882 zone. A short period of consolidation then acted as a spring board for a bit of a recovery during the balance of the session with prices rebounding to secure a peak for the day towards the close in the 1.2995 region.

GBP/USD: Comparatively speaking the GBP enjoyed a quieter and more consolidatory session with early weakness being cushioned in the 1.5074 area although bounces from here were quickly capped by resistance in the 1.5144 region. This choppy sideways performance finally came to a close in the 1.5118 zone.

Euro/JPY: With early Euro weakness uncovering fresh demand in and around the 12164 area the Euro spent the balance of the session correction falls. Resistance in the 12357 zone came under renewed examination during the afternoon with the European session finally closing just beneath this peak in the 12341 region.

GBP/Euro: Early GBP strength ran into heavy resistance in the 1.1716 area from where values slipped away once more during the balance of the European trading day. A retest of the 1.1640 zone was staged late in the afternoon with prices finally closing only marginally above here at 1.1650.

GBP and Euro finish the week on a positive note.

Euro/USD: The Euro continued to recoup some recent losses today as a good positive performance was put in. After opening in the 1.3007 area values began to move higher almost immediately, accelerating to peak of 1.3107 around the lunch time period. Profit taking then trimmed gains and the market finally closed in and around the 1.3065 zone.

GBP/USD: A further good performance from the GBP today as the corrective recovery continued for the time being. After opening in the 1.5081 area values moved smoothly to a peak of 1.5177 where resistance re-emerged and gains were trimmed during the afternoon session. The European day finally closed in and around the 1.5115 region.

Euro/JPY: After consolidating for a short while around the opening levels of 12500 the Euro enjoyed a sharp but ultimately unsustainable rally towards the 12580 zone where heavy resistances then reversed fortunes. The market slipped away quickly in the afternoon with support at 12420 coming under attack prior to finally closing in and around the 12442 region.

GBP/Euro: A rather choppy two way market action was experienced today with initial GBP dips uncovering good support in the 1.1578 area from where a sharp but short lived bounce towards 1.1626 was experienced. However strong resistance re-emerged at this stage and values slipped southwards in the afternoon to challenge support at 1.1554 ahead of finally closing in the 1.1580 region.

Both the Euro and GBP rally impressively in the afternoon.

Euro/USD: A day of clearly two halves with the Euro coming under pressure in the morning session with prices slipping from an opening at 1.2960 down to a low point of 1.2911 where its fortunes then reversed. In the afternoon the market rallied impressively to make a peak for the day in the 1.3003 area prior to finally closing at 1.2995.

GBP/USD: The GBP rallied impressively today correcting at least some of the recent losses and after consolidating for most of the morning either side of the opening levels of 1.4297 values broke decisively to the upside. The market accelerated as layers of resistance were breached to secure a peak around 1.5082 ahead of finally closing in the 1.5069 region.

Euro/JPY: The Euro recovered today and with early weakness being cushioned by support in the 12405 area values worked steadily higher throughout the balance of the morning session to secure a peak in the 12525 zone. During the afternoon these gains were effectively digested through a choppy sideways action with prices finally closing in the 12468 region.

GBP/Euro: The GBP continued its corrective recovery today and after opening in the 1.1517 area values worked steadily higher throughout the balance of the session. Peaks for the day were secured towards the close in and around the 1.1608 region.

Euro comes under fresh downward pressure while GBP digests recent falls.

Euro/USD: The Euro came under renewed downward pressure today and after early rally attempts were quickly thwarted by resistance in the 1.3065 area values accelerated to the downside. Support finally re-emerged in and around the 1.2923 region where some light short covering saw the market finally close the European day in the 1.2952 zone.

GBP/USD: Recent Euro losses continued to be digested today through a combination of correction and reconsolidation. After opening in the 1.4902 area values pushed immediately to the upside securing a peak for the session in the 1.4981 zone. However, failure to break above here set the scene for a softer afternoon period which saw prices challenge 1.4908 again prior to finally closing around the 1.4923 region.

Euro/JPY: The Euro lost a little ground against the JPY today and with early strength being restricted by resistance in the 12523 area values fell away for the balance of the session. Support was finally uncovered late in the afternoon at 12417 although the market closed only marginally above here around 12444.

GBP/Euro: The GBP enjoyed a rather better session today managing to recoup some of the recent losses. After opening in the 1.1438 area values headed north almost immediately and while a little resistance around 1.1468 held up progress for a while, this proved short lived as peaks for the day were eventually secured around the 1.1544 area. Profit taking trimmed gains a little on the close with the market finishing around 1.1519.

GBP claws back earlier losses to finish only marginally lower

Euro/USD: A rather volatile session that saw early Euro weakness cushioned by support in the 1.2992 area from where values rallied sharply with little resistance being encountered until the 1.3075 region. However, fortunes reversed once again and the market fell back later in the session with the European day finally closing in and around the 1.3025 region.

GBP/USD: With early rally attempts being restricted by resistance in the 1.4917 area the GBP came under renewed downward pressure mid-morning seeing values fall sharply to challenge the 1.4831 region. However, renewed buying interest was stimulated around here and values enjoyed a fresh rebound towards 1.4909 prior to finally closing in and around the 1.4888 zone.

Euro/JPY: The Euro came under renewed downward pressure today and after opening in the 12593 area values fell away sharply with little support being uncovered until the 12438 zone. Some short covering relieved the downward pressure for a while with prices bouncing impressively towards 12578 prior to slipping once more to finally close in and around 12491.

GBP/Euro: A rather volatile two way trading session today which saw early GBP strength restricted by resistance in the 1.1471 area. This provoked a sharp selloff through to the early afternoon with support finally re-emerging in the 1.1370 zone. Short covering into the final part of the European day saw values finally close in and around 1.1423.

Euro starts the week quietly in consolidation mode.

Euro/USD: Not the most exciting of starts to the week with the Euro effectively consolidating within the relatively tight trading range of resistance at 1.3025 and support in the 1.2989 area. This choppy sideways performance finally came to an end in the 1.3013 region.

GBP/USD: After opening in the 1.4913 area the GBP managed to rally a little but ran into renewed selling in the 1.4943 zone from where values slipped away for the balance of the morning session. Support re-emerged in the 1.4866 region from where the market staged a fresh recovery in the afternoon to finally close in and around 1.4914.

Euro/JPY: Not a lot to report on here with the Euro tracking sideways for the entire session with rally attempts being restricted by resistance in the 12518 area and dips being cushioned by support at 1.2880. This quiet start to the week finally closed in and around the 12503 region.

GBP/Euro: After consolidating for the early part of the day between 1.1470 and 1.1490 the GBP broke to the downside seeing prices accelerate to a low point of 1.1432 before renewed demand was stimulated. A slight bounce late in the session saw the market finally close the European session in and around the 1.1461 zone.

USD rallies impressively

Euro/USD: After consolidating for most of the morning with early weakness being cushioned by support in the 1.3080 area, this market burst into life with a sharp rally towards 1.3135 then being dramatically reversed. As support at 1.3080 gave-way this triggered an acceleration to the downside with lows for the session being established in the 1.2955 zone ahead of finally closing in the 1.2996 region.

GBP/USD: The morning session for the GBP proved to be rather volatile as prices swung between support at 1.4982 and resistance around 1.5048. However, values came under renewed downward pressure in the afternoon and as support levels were breached the market fell away sharply to challenge the 1.4885 region prior to finally closing in the 1.4946 zone.

Euro/JPY: A day of two halves with the morning session seeing the Euro rally solidly towards the 12598 area before experiencing a sharp change in fortunes. The market fell way sharply in the afternoon with support around the 12443 region coming under serious examination prior to finally closing in the 12495 zone.

GBP/Euro: The GBP staged a recovery against the Euro today albeit in a rather volatile fashion. Early weakness uncovered good buying interest in the 1.1442 area and with the success of a further challenge after lunch values staged a rebound towards the 1.1520 region before renewed resistance was encountered. The European day finally closed in and around the 1.1498 zone.

Euro recovers impressively as resistances are breached.

Euro/USD: The Euro rallied impressively today and after opening in the 1.2977 area, values pushed towards the 1.3045 zone before resistance was uncovered. This caused a temporary setback but only as far as 1.2988 where the buyers returned and new upward impetus saw prices secure peaks in the 1.3117 zone in the afternoon. Profit taking again trimmed gains with the European session finally closing in and around the 1.3087 region.

GBP/USD: The GBP recovered some lost ground today and after consolidating for most of the morning between the relatively tight parameters of 1.5013 and 1.4968 values broke decisively to the upside after lunch. This saw prices accelerate to a peak of 1.5083 ahead of finally closing in and around the 1.5036 area.

Euro/JPY: The Euro rallied impressively today finally breaking free from the shackles of the past few days relatively tight trading range. After opening in the 12202 area values tracked sideways for while prior to breaking decisively to the upside and as key resistance levels were breached prices accelerated to a peak of 12422 secured on the close of the European session.

GBP/Euro: The GBP lost ground against the Euro today and gave back some recent hard earned gains. After opening in the 1.1550 area values slipped away to test the 1.1497 zone where some buying interest was stimulated. However, bounces proved to be sharp but short lived with resistance re-emerging in the 1.1577 zone forcing the market lower once more with lows for the day being established around 1.1473 ahead of closing at 1.1490.

Both GBP and Euro lose ground once again.

Euro/USD: After initial Euro rally attempts were thwarted by resistance in the 1.3071 area values came under renewed downward pressure during the balance of the European session. Little support was uncovered until late in the day at 1.2994 with the market finally closing only marginally above here at 1.3000.

GBP/USD: The GBP lost ground again today and with early rally attempts being restricted by resistance in the 1.5155 area prices headed south throughout the balance of the session. This weak session finally closed on or around the lows of the day set at 1.5046.

Euro/JPY: This pairing remains extremely quiet and range bound with values trapped within the confines of the past 4 days tight consolidation pattern. Rally attempts are restricted by resistance at 12209 and weakness remains cushioned by support in the 12150 zone. The European day closed around 12171.

GBP/Euro: After opening at 1.1598 the GBP weakened during the morning making lows in the 1.1561 area. However these small losses were digested for the balance of the day through consolidation ahead of finally closing in and around the 1.1582 region.