The U. S. Dollar finished lower against most major currencies. Today’s weakness was triggered by a follow-through rally in the equity markets which led to renewed interest in higher yielding assets.

The EUR USD finished up on Thursday. Volume was light but traders nonetheless were interested in the long side of the Euro as U. S. equity market racked up gains throughout the day. The main trend is down in this market, but the action the past few days indicates that buying may be greater than the selling at current levels.

The pair is in a short term widening range, with bias currently to the upside. A push above 1.4250 would confirm, with a target of 1.4310. 1.4340 and 1.4380 are resistance levels beyond.

A drop below 1.4200 will like test 1.4180. A drop below 1.4170 will need to move through further support in the 1.4160-1.4140 region and if it succeeds will target 1.4120 then
1.4080 (if needed).

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The pair dropped below a rising short-term trend line yesterday but has come off those lows and is now trading above it. 95.70 and 95.40 will act as support, as well as the recent lows near 95.00.

A break above 96.35 indicates a move higher with a target of 96.60. 96.90-97.00 is the resistance level beyond.

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A rather tight range yesterday.  A break above the 1.4190 indicates a short term break of the range and a target of 1.4220.  The target beyond is 1.4320 if the pair continues to push higher.

A break below 1.4100 indicates another swing down with target at 1.4030 and 1.4000.

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Support is at 95.40 and 95.00.  A break below 95 will likely probe into the 94.50 area.  There is an upward sloping trend line which currently is running through 95.40.  So a move below this level shifts the overall bias for the pair downwards.

Upside resistance is 96.10 and just below 96.60.

Forex trading analysis by Forexpros.com - Written by Corey Mitchell

Forex Analysis by Dr. Sivaraman at ForexPros. com. For more details about Forex Trading and Tips for decent earnings through Forex Trading, Please check Forexpros. com

The pair is continuing to fall in early trading today after a strong up move on Friday.

Support is likely around the 50% retracement level of Friday's move at 96.40.  96.00 and 95.80 are support levels beyond.

Resistance on the upside is likely to be seen by 97.20, 97.50 and 97.80.  A break above 97.80 is not highly likely today, but indicates another swing higher over the next couple days.

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A drop below 96.85 will signal further declines. First target is 96.40, followed by 96.10-96.00. Support beyond is 95.80.

A rise above 97.80 indicates another swing higher. Targets are 98.10 and 98.45-98.55.

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Charts are setting up for a continuation of Friday's fall. A drop below 1.4145 will confirm. First target is 1.4100 (also support). Further support is lower at 1.4180-1.4160, and a target beyond at 1.4000.

A move back above 1.4260 indicates upward strength and further erosion of Friday's fall. Resistance beyond is 1.4340 and 1.4380.

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The pair continues to range after strong moves a few days ago.

A break above 1.4460 indicates another swing higher with a target of 1.4550. Beyond this is 1.4600 - a daily high in back in Dec. 2008.

A move below 1.4340 would indicate a target of 1.4310-1.4300 and then 1.4250.

Containment or failure to break either side indicates a retest of the other side of the range.

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The pair is consolidating in a series of triangle formations on the hourly charts. A break above 95.50 would signal a move to retest recent swing highs between 95.80-95.90. Targets beyond are 96.20 and ultimately 96.50 if the prior levels are surpassed.

A break below 94.70 gives early indication of weakness but will be confirmed by a pull below 94.55. The target is ultimately 93.80 but the 94.40 and 94.00 levels need to watched as there is support at these levels which could stifle the full move.

More ranging is also a possibility as the market generates energy in a narrowing field within the chart formation.

while the trend is still up over the last few weeks, the pair did temporarily break through its supporting trend line. There are also some chart patterns developing which point to some crucial levels to watch.

94.50 is right on two upward sloping trendlines currently (this number will rise over time as the line is upward sloping) and a break below would indicate a swing down and a larger correction. Intermediate support is at 94.00.

On the other hand if 94.50 is not breached and the pair pushes above 95.50 this would indicate a swing higher. Initial target is 96.00, but there is some resistance from 95.80-96.90.

The pair is consolidating in a relatively tight range after strong moves over the last several days.

The bias for the breakout is higher, with a break above 1.4450 indicating another swing up. Initial target is 1.4520 and beyond that 1.4600.

Corrections can still happen, thus a break below 1.4350 is likely to test the 1.4300 area. Further support is at 1.4260 and 1.4210.

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After testing the 1.4000 level the pair made a surge to test the highs of the former range at 1.4300. A break above 1.4320 signals another swing higher. Initial resistance is at 1.4340 with targets beyond of 1.4400, 1.4450 and ultimately 1.4600 (not necessarily today).

Support is at 1.4200, 1.4150 and 1.4100.

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The pair has consolidated just above the former support level at 94.60. This has created a flag formation. This formation is a continuation pattern indicating further declines, although a push higher is still a possibility.

Support is at 94.50 and a sustained break below would confirm another swing down. Conservative target is 94.20-94.00 with a more aggressive target being 93.80. Strong support is also at 94.00.

Resistance is at 94.90 with a break above likely to erase some of the earlier declines. Further resistance is at 95.20, 95.60 and 95.80.

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The pair failed to break the 94.00 support line yesterday, and the pair did bounce off that area to re-test the former swing highs. Those former swing highs have so far held at 95.40.

The trendline support area is now at 94.20-94.30. A break indicates a swing down with a target of 94 and then 93.80. Intermediate support is at 94.60.

Resistance is still at 95.40 with a break above indicating a swing higher. Resistance is likely in the 95.70 area, and beyond that
96.00.

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The pair broke through support at 1.4120 and more support at 1.4060 but has managed to stay above the 1.4000 level. A break below 1.4000 will likely target 1.3920 followed by 1.3880.

Resistance on the upside is at 1.4100, 1.4140 and 1.4200.

A rise back above 1.4200 nullifies the short-term downward bias and indicates a move back higher.

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The pair did make a move higher yesterday above a prior swing high, and just fell short of the 95.40.

95.40-95.50 is a major resistance area. A break above indicates a swing higher. 96.00 and 96.40 are the targets (not necessarily today).

Support is at 94.90, 94.60 and 94.30. A sustained break back below of 94.60 would indicate short-term weakness.

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The range continues.

Resistance is at 1.4300 and 1.4335-1.4350. There is little resistance beyond that and rates could surge if that level is surpassed.

Support is at 1.4220, 1.4200, 1.4175, 1.4120 and 1.4100.

Support is likely to be seen by the 1.4165 level, with 1.4120 and 1.4100 likely to provide support beyond.

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The pair traded in a very tight range on Friday, which will likely result in a pop out of that tight range today. Since the range is so narrow (95.03-94.59=43 pips approx.) it is likely we will see a move on both sides of the range. In early trading this week, action has stayed within this tight range.

A break above 95.10 is likely to target 95.50. 95.70 is the resistance beyond.

A break below 94.55 will target 94.15. Support beyond this is at 93.85.

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We are still in a range which started last Monday, and we have seen two false breakouts in that time.

A push above 1.4265 will likely test the highs in the 1.4290 area. A break of 1.4300 will signify an upswing with a target of 1.4460 (not necessarily today). Some intermittent resistance is likely in the 1.4350 area.

Support is likely to be seen by the 1.4165 level, with 1.4120 and 1.4100 likely to provide support beyond.

Forex Analysis by Dr. Sivaraman at ForexPros. com. For more details about Forex Trading and Tips for decent earnings through Forex Trading, Please check Forexpros. com