Due to renewed concerns regarding the Euro-Zone's debt crisis and due to the beginning of earning season in the U.S, the Dollar slightly strengthened against the Euro yesterday. However, what will determine the direction of the Dollar today is likely to be the economic data which is expected from the U.S. and the Euro-Zone, especially the U.S. Trade Balance report. Will the Dollar see another day of rising trend?

Forex Market Trends

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

Daily Trend
up
down
down
down
up
up

Weekly Trend
down
up
down
down
no
down

Resistance
1.2700
1.5140
89.20
1.0750
0.8930
0.8450

1.2650
1.5100
89.00
1.0700
0.8850
0.8420

1.2620
1.5075
88.85
1.0665
0.8800
0.8400

Support
1.2550
1.4995
88.25
1.0590
0.8690
0.8350

1.2525
1.4935
87.95
1.0525
0.8620
0.8330

1.2475
1.4880
87.65
1.0480
0.8560
0.8300