Renewed debt concerns among the Euro-zone countries sent the single currency spiraling down yet again in overnight trading. EUR/USD dropped well below the 1.2200 level, approaching a 4-year low. Today, traders can expect a number of U.S. economic indicators to create volatility in the marketplace. Whether or these indicators this will help the Euro is still unknown.

Forex Market Trends

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

Daily Trend
down
up
down
up
up
down

Weekly Trend
down
no
no
up
down
down

Resistance
1.2360
1.4545
91.00
1.1615
0.8400
0.8570

1.2340
1.4525
90.80
1.1595
0.8380
0.8550

1.2310
1.4495
90.50
1.1565
0.8350
0.8520

Support
1.2250
1.4435
89.90
1.1505
0.8290
0.8460

1.2220
1.4405
89.60
1.1475
0.8270
0.8430

1.2200
1.4385
89.40
1.1455
0.8250
0.8410