A downgrade of Ireland's sovereign debt rating late Tuesday further roiled foreign exchange markets already agitated by dismal U.S. housing sales. The Standard & Poor's Ratings Services downgraded Ireland's credit rating late Tuesday on concerns about the cost of bailing out the country's ailing banks.

Forex Market Trends

 EUR/USDGBP/USDUSD/JPYUSD/CHFAUD/USDEUR/GBP
Daily Trendnonodowndowndownup
Weekly Trendnodowndowndowndowndown
Resistance1.27301.550585.101.03950.89050.8280
1.27101.548584.901.03750.88850.8260
1.26801.545584.601.03450.88550.8230
Support1.26201.539584.001.02850.87950.8170
1.25901.536583.701.02550.87650.8140
1.25701.534583.501.02350.87450.8120