The American economy is due to release a number of reports today which may have a moderately heavy impact on today's trading. The Personal Spending and Personal Income reports due at 13:30 GMT will carry a level of significance in today's market, but not nearly as much as the ISM Manufacturing PMI scheduled for 15:00 GMT. Forex traders won't want to miss out on these reports especially since many are forecasting a short-term downward correction for the USD in today's trading. These reports will either debunk or verify that notion.

Forex Market Trends

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

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Weekly Trend

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Resistance1.40001.607591.301.07101.89000.8825
1.39501.603090.851.06800.88750.8785
1.39001.598590.501.06350.88500.8735
Support1.38501.590089.751.05700.88000.8670
1.38001.586089.401.05350.87750.8625
1.37651.581589.001.05000.87500.8590