The EUR dropped some of its gains against the dollar and the yen in thin trading as U.S. markets were closed yesterday. A lack of high impact data on the economic calendar kept currencies in a tight range. However, this should change today with influential economic data expected to be released from the U.S. and European interest rates due out.

Forex Market Trends

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

Daily Trend
up
up
up
down
up
up

Weekly Trend
down
down
down
down
down
down

Resistance
1.2650
1.5300
89.75
1.0790
0.8560
0.8375

1.2610
1.5230
88.25
1.0750
0.8510
0.8326

1.2570
1.5200
88.00
1.0700
0.8470
0.8300

Support
1.2480
1.5080
87.40
1.0580
0.8315
0.8250

1.2435
1.5025
87.25
1.0500
0.8260
0.8220

1.2400
1.4980
86.95
1.0435
0.8230
0.8200