After hitting a three month high against the U.S. dollar in trading yesterday, the euro took some slight losses last night, falling some 30 pips against the greenback. The overall trend for EUR/USD is still up, especially ahead of the U.S. Advance GDP figure, which is forecasted to show a slight decrease from the previous report.

Forex Market Trends

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

Daily Trend
up
up
down
down
up
up

Weekly Trend
up
up
down
down
up
no

Resistance
1.3159
1.5702
87.31
1.0489
0.8990
0.8428

1.3126
1.5671
86.97
1.0456
0.8990
0.8406

1.3095
1.5640
86.65
1.0425
0.9020
0.8385

Support
1.3032
1.5579
86.02
1.0362
0.8959
0.8342

1.2994
1.5550
85.69
1.0330
0.8928
0.8319

1.2961
1.5528
85.38
1.0297
0.8892
0.8296