EUR/USD Falls on European Fiscal Concerns

By IBTimes Staff Reporter | January 29 2010 5:41 AM

The U.S. dollar rose on Thursday to a 6-month high against the EUR as investors around the globe signaled approval of the Federal Reserve's more upbeat outlook for the U.S. economy. The U.S. currency continues to rally on persistent concerns over the fiscal health in some smaller Euro-Zone countries such as Greece and Portugal.

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Forex Market Trends

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

Daily Trend

Weekly Trend

Resistance
1.4022
1.6215
90.77
1.0624
0.8963
0.8707

1.3991
1.6183
90.45
1.0592
0.8941
0.8685

1.3960
1.6152
90.14
1.0561
0.8920
0.8663

Support
1.3898
1.6090
89.53
1.0499
0.8879
0.8621

1.3865
1.6059
89.21
1.0468
0.8858
0.8598

1.3832
1.6028
88.91
1.0435
0.8836
0.8565

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