The U.S. Core CPI is the primary publication today that is set to determine the level of the dollar when the report is released at 12:30 GMT. The other main releases that are set to dominate forex trading, especially for currencies such as the dollar and euro is the publication of the U.S. TIC Long Term Purchases and Prelim Consumer Sentiment at 13:00 GMT and 13:55 GMT respectively. Traders may find good opportunities to enter the market following these vital announcements.

Forex Market Trends

 
EUR/USD
GBP/USD
USD/JPY
USD/CHF
AUD/USD
EUR/GBP

Daily Trend
down
no
down
down
down
up

Weekly Trend
up
up
down
down
no
up

Resistance
1.2997
1.5508
87.94
1.0524
0.8851
0.8459

1.2965
1.5476
87.61
1.0492
0.8819
0.8428

1.2930
1.5445
87.30
1.0460
0.8788
0.8399

Support
1.2869
1.5384
86.69
1.0399
0.8721
0.8334

1.2838
1.5353
86.38
1.0367
0.8690
0.8302

1.2804
1.5321
86.02
1.0335
0.8661
0.8271