Technical analysis

The shared currency has been losing ground against the US dollar on the previous week’s trading sessions it fell on Friday to the 1.2641 support level and bounced up to the 1.2811 resistance. The 1.2811 represents the 23.60% retracement of the last downward move that began at the May 1st from the 1.3280 resistance to the 1.2641 support made on May 18th . The EURUSD is trading now below the 50, 20 and 10 Moving Averages and the Moving Average Convergence Divergence (MACD) is below its signal line, therefore the sentiment is still negative on the single currency. However the Stochastic has just escaped the oversold area and heading into the neutral zone, confirmed by the RSI that just overpassed from below the 30% line. The Euro is at a critical phase with Greece heading to second elections and the Group of eight did not come to an agreement on a rescue strategy on the weekend. Further talks will be held by policy makers and European Union leaders are preparing for a summit meeting on May 23.

Levels Value
RES 3 1.3280
RES 2 1.2987
RES 1 1.2811
SUP 1 1.2641
SUP 2 1.2519
SUP 3 1.2050


Forex

Symbol Bid Ask
AUDJPY 77.98 78.03
AUDNZD 1.2971 1.2983
AUDUSD 0.9831 0.9834
CADJPY 77.55 77.60
CHFJPY 84.14 84.18
EURAUD 1.2955 1.2965
EURCAD 1.3029 1.3038
EURCHF 1.2010 1.2013
EURGBP 0.8064 0.8066
EURJPY 101.08 101.11
EURSEK 9.1145 9.1195
EURUSD 1.2741 1.2743
GBPAUD 1.6064 1.6074
GBPCAD 1.6155 1.6166
GBPCHF 1.4890 1.4897
GBPJPY 125.32 125.39
GBPNZD 2.0840 2.0870
GBPSEK 11.3011 11.3081
GBPUSD 1.5798 1.5801
NZDCAD 0.7744 0.7754
NZDCHF 0.7136 0.7146
NZDJPY 60.07 60.16
NZDUSD 0.7574 0.7579
USDCAD 1.0226 1.0230
USDCHF 0.9426 0.9429
USDDKK 5.8310 5.8350
USDJPY 79.33 79.36
USDNOK 5.9828 5.9878
USDSEK 7.1528 7.1578
USDSGD 1.2723 1.2731

Metals

Symbol Bid Ask
XAGUSD 28.160 28.224
XAUUSD 1588.99 1589.64

CFDs on Stock Indices

Symbol Bid Ask
CAC40 3020.24 3025.24
DAX 6319.32 6324.32
DJI 12412.3 12419.3
FTSE100 5298.99 5303.99
Nd100 2488.53 2489.53
SP500 1300.07 1300.82

Commodities

Symbol Bid Ask
OIL 92.12 92.22

Interest rates

Country Value
USA 0.25%
Japan 0.10%
Eurozone 1.00%
UK 0.50%
Switzerland 0.25%
Australia 3.75%
Canada 1.0%
Norway 1.5%
New Zealand 2.5%
Sweden 1.5%