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/USD

GBP/USD

USD/JPY

USD/CHF

AUD/USD

EUR/GBP

Daily Trend

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Weekly Trend

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Resistance

1.4990

1.6775

89.90

1.0210

0.9320

0.9010

1.4970

1.6755

89.70

1.0190

0.9300

0.8990

1.4940

1.6725

89.40

1.0160

0.9270

0.8960

Support

1.4880

1.6665

88.80

1.0100

0.9210

0.8900

1.4850

1.6635

88.50

1.0070

0.9180

0.8870

1.4830

1.6615

88.30

1.0050

0.9160

0.8850