The U.S currency declined against the EUR on Thursday after European Central Bank President Jean-Claude Trichet calmed investors' concerns about European bank stress tests and the central bank's liquidity programs. Positive employment data in the U.S. also encouraged investors to move away from the safe havens of the dollar, Japanese yen and gold and into equities.

Forex Market Trends

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

Daily Trend
up
down
up
down
up
up

Weekly Trend
up
down
up
down
up
up

Resistance
1.2763
1.5220
89.46
1.0599
0.8845
0.8456

1.2741
1.5201
89.27
1.0578
0.8826
0.8435

1.2710
1.5173
88.95
1.0546
0.8795
0.8404

Support
1.2652
1.5111
88.35
1.0490
0.8734
0.8345

1.2623
1.5082
88.03
1.0461
0.8702
0.8314

1.2601
1.5061
88.82
1.0440
0.8680
0.8292