The EUR advanced on the U.S dollar Wednesday, but failed to reach the $1.50 mark as investors zeroed in on a Fed official's comment suggesting key interest rates could remain low until 2012. Federal Reserve officials were quoted saying that the Fed could keep short-term fed funds rates at near-zero until early 2012. The ultra-low rates weigh on the U.S dollar, as investors use the buck to fund investments in higher-yielding assets.

Forex Market Trends

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

/

/

/

/

/

/

Weekly Trend

/

/

/

/

/

/

Resistance1.49901.677589.901.02100.93200.9010
1.49701.675589.701.01900.93000.8990
1.49401.672589.401.01600.92700.8960
Support1.48801.666588.801.01000.92100.8900
1.48501.663588.501.00700.91800.8870
1.48301.661588.301.00500.91600.8850