EURUSD rose and closed at 1.2576 on Friday as optimism that Greece would stay in the Eurozone grows. The Italian Prime Minister Mario Monti indicated that Germany has an interest in ensuring that no country leaves the Euro-zone and the region can have euro bonds soon. The Euro received further support after the consumer confidence index in France rose to a reading of 90.0 in April. We don’t have any important releases from the Eurozone today due to a Bank Holiday. Support for the EURUSD is seen at 1.2506 and resistance is seen at 1.2630. The Inside View indicator on HotForex shows that 59 percent of the traders are long on the EURUSD.
The Cable rose on Friday and closed at 1.5689. The only event due from the United Kingdom today is the speech of the MPC Member Broadbent. Support for the GBPUSD is seen at 1.5633 and resisntace is seen at 1.5715. The Inside View indicator on HotForex shows that 55 percent of the traders are long on the GBPUSD.
The pair declined on Friday closing at 1.0255. The Canadian dollar rose as risk appetite increased among investors amid optimism that that Greece would stay in the Eurozone following, Italian Prime Minister, Mario Monti comment that Eurozone can have euro bonds soon. Support for the USDCAD is seen at 1.0232 and resistance is seen at 1.0300. The Inside View indicator on HotForex shows that 66 percent of the traders are short on the USDCAD.