Following a disappointing American New Home Sales Report released yesterday, the U.S. Dollar seems to have reversed course in trading against its major counterparts. Both the Euro and Yen made impressive gains against the greenback, which both seem to have held going into Thursday's trading session.

Forex Market Trends

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

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Weekly Trend

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Resistance1.44351.608592.301.04850.89150.9060
1.44051.605092.001.04550.88850.9030
1.43751.602091.731.04250.88550.9000
Support1.43101.595691.051.03600.87950.8940
1.42801.592590.851.03300.87650.8910
1.42501.589590.551.03000.87300.8880