The Euro moved higher reporting the surge of 0.001% to 1.3114 on Friday’s trading session. Euro declined 0.01 percent against the British Pound to 0.8499 where the pair EUR/JPY also dropped 0.01 percent to 108.73 on Friday. The Euro is likely to find support at 1.3056 versus the greenback whereas its resistance level is expected at 1.3201 which also happens to be the day’s high for the pair EUR/USD on last week Tuesday.
The British Pound surged 0.04 percent to 127.96 versus the Japanese Yen on Friday. The pair GBP/JPY is likely to find support at 127.49 whereas the pair’s resistance level is expected at 130.49.
The Pound Sterling also advanced 0.04% to 1.5435 versus the greenback. The Euro remained under pressure due to uncertainty over euro zone’s debt situation and declined 0.10 percent to 0.8492 versus the British Pound.
The support level for the pair EUR/GBP is expected at 0.8447 whereas the pair is likely to find resistance around 0.8526 which was also the Thursday high in last week.
Pound Sterling gained 0.04 percent against the US dollar to 1.5435 and the resistance and support level of the pair GBP/USD are expected at 1.5577 and 1.5357 respectively.
The New Zealand Dollar also moved up 0.15 percent versus the US dollar to 0.7484 on Friday. The New Zealand Dollar also surged 0.10 percent versus the Australian Dollar to 1.3423 and 0.15 percent against the Euro to 1.7522 on Friday.
The pair NZD/USD is expected to find support at 0.7348 whereas the pair is likely to find resistance at the level of 0.7501.
The US dollar plunged 0.21 percent at 1.0072 versus the Canadian dollar on Friday. The support and resistance levels for USD/CAD are expected at 1.0054 and 1.0209 respectively.
About the Author
Daily forex trading news written by Rehan from DailyForexTrade.com
