The USD shows a safe flow in the economy chart reaches to the 86.0 level, although there is a strong support is given by the overseas interest rate of US refunding embedded high demands for the dollars. This also helps the market in viewing their medium-term approach may be reach to the high of 89.6 high of the March 2009. The snugged resistance is shown at 86.76 in the USD.

EUR currency remains in their downtrend this week regardless of the Greece aid-package details that favors to the debt crisis facing countries belong to the euro zone are Greek, Spain and Portuguese. The austerity package finally gets the approval this week which in turn provides a flip in single currency and equities. EUR/USD currency pair has showed on and off this week and were supposed to touch low of 1.234.

This week is beneficial for the currency pair of USD/GBP because of the UK elections, this helps the pair to reach high of 0.8620. The BoE not make any favor for the GBP against other currencies in G10, it only creates a resistance line for the euro currency so that it can snugged to the place where it is.

There will be a relief expected in the next week’s forex online session because of the three major targets that is maturing of Greek 10y debt package, Ecofin meeting along with the buying of ECB bonds. For the investors, it is only be said that “When there is a will, there is a way”. Hope for well!!!