The EUR continues its decline against the Dollar on concerns the credit ratings of more European nations will be lowered. Spain had the outlook on its debt grade cut to negative from stable. Greece's credit ranking was reduced one step to BBB+ and Portugal's outlook was revised to negative from stable.

Forex Market Trends

 EUR/USDGBP/USDUSD/JPYUSD/CHFAUD/USDEUR/GBP
Daily Trend

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Weekly Trend

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Resistance1.48901.652590.101.03600.92450.9096
1.48251.642589.751.03350.92250.9075
1.47751.638089.251.03000.91900.9055
Support1.46651.622588.251.02350.91150.9020
1.46101.616087.751.01950.90750.9008
1.45301.607587.401.01650.92550.8990