The U.S dollar fell against the EUR and the Yen in Asian trading this morning after an official newspaper of the Chinese central bank said China should cut its USD holdings, adding to concerns over the unit's global reserve currency status.
The greenback could weaken further later in the day, particularly against the risk-sensitive EUR, which is also benefiting from stronger stock markets, analysts said.

  • Forex Market Trends

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

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Weekly Trend

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Resistance1.51701.648092.901.01500.93800.9320
1.51101.640092.601.01250.93300.9300
1.50601.633092.251.01000.92950.9250
Support1.49651.624091.551.00350.91900.9190
1.49101.612591.301.00000.91150.9140
1.48821.603091.000.99400.90870.9100