EUR/USD


Yeterday's Close:1.1973 High:1.1974 Low:1.1736

Resistance Levels:1.2010/20, 1.2130/40,1.2500
Support Levels:1.1920/30, 1.1850/60, 1.1780/90

In late afternoon New York trade, the euro was up 1.80 percent on the day at $1.1973. New York-based traders also said some of the move against the dollar came as the euro breached a key technical level of $1.1860, prompting investors to step in quickly and buy.
Analysts say that the break to a new all time high doesn't seem to be pulling back. The speed of the move caught many people by surprise. Many traders beleive It is going to move toward $1.2030 the next resistance level and by next year we are going to see $1.2500, a very powerful move.

USD/JPY


Yestrday's Close:107.97 High:109.10 Low:107.95

Resistance Levels:109.20/30 ,109.60/70, 110.20/30
Support Levels:107.90/00, 107.50/60, 106.70/80

Against the yen,the dollar fell 0.8 percent to 107.97 yen.
Analyts say to keep an eye on 107.85 yen. Usually on the third test, you tend to break, so we have been down here three times now. The low we saw at end of October and on Nov. 10. This is our third real test, if ot breaks then it opens up a move to 106.80 yen.then 105.00

USD/CHF


Yesterday's Close:1.2917 High:1.3265 Low:1.2916

Resistance Levels:1.3050/60, 1.3120/30, 1.3250/60
Support Levels:1.2920/30, 1.2850/60, 1.2780/90

Against the Swiss franc,the dollar was at 1.2920 francs, down more than 2 percent.
Analysts said the next support level is 1.2787 francs which are the May lows, and then October 1998 lows are 1.2743 francs. Traders expect those levels to be cheapened in few days and maybe see some consolidation, but are looking for a move down below 1.2500 francs by year end.

GBP/USD


Yesterday's Close:1.7044 High:1.7062 Low:1.6860

Resistance Levels:1.7060.70, 1.7110/20, 1.7160/70
Support Levels:1.6950/60, 1.6870/80,1.6820/30

Sterling rose to 2-1/2 week highs against the broadly weaker dollar on Tuesday but fell to one-month lows on the euro, after slower than expected UK inflation dealt another blow to rate hike expectations.
Britain's underlying rate of inflation, or RPIX, unexpectedly fell back 0.1 percentage points to 2.7 percent last month, the slowest since January and defying expectations that it would remain at 2.8 percent.
Markets are now looking to Wednesday's Bank of England minutes from its meeting earlier this month, where the Monetary Policy Committee (MPC) decided to hike rates by a quarter point, its first interest rate rise in nearly four years.

By close sterling had weakened as far as 70.29 pence per euro ,its worst level since mid-October, and was trading down three-quarters of a percent. Against the dollar, it strengthened to $1.7060. its highest since October 30.

RPIX inflation excludes volatile mortgage interest payments.
The overall headline rate of inflation, or RPI, rose 0.1 percent on the month to stand 2.6 percent higher than a year earlier, the smallest rise in almost a year.

The market took little notice of comments from UK Chancellor Gordon Brown who addressed the same business conference as U.S. Treasury Secretary John Snow earlier on Tuesday.
Brown rejected accusations he was losing control of public finances and in danger of breaking his own fiscal rules, saying Britain's fiscal position was sustainable not just over the next year but also the next decade.