Traders are expecting a slow news day, and as such may experience thin trading conditions and low liquidity. The few reports expected shouldn't cause too much of a stir, but with thin trading it may result in some decent price action. The EUR's upstick on Monday has many concerned that the 16-nation currency is now due for a downward correction, especially given the rapidly declining sentiment in the Euro-Zone caused by decisions made in Greece and Portugal concerning national debt and government spending, respectively.

Forex Market Trends

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

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Weekly Trend

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Resistance1.38001.572090.451.08000.88050.8870
1.37701.569090.101.07700.87750.8835
1.37401.566089.751.07400.87300.8805
Support1.36751.560089.101.06750.86650.8740
1.36351.557088.801.06400.86300.8710
1.36001.553588.451.06100.86000.8680