USD at this weekend trading dull

USD trade weakened in the overnight session and equity markets move about lower due to reduced profit projected by FedEx and indicate that the banks will require recapitalizing by subjecting equity. US yields lowered down.

CHF build up considerably as orders are pulled out while BOJ meeting announcement about the market but keeps options open.

EUR/USD: The trade of this currency pair open at 1.4343 moved high at 1.4531 moved lower to 1.4308 and ended close to 1.4337. The pair is indicating the downward market trend with the trading range of around 1.4400 to 1.4340. Below is the information about the resistance and support level:

Resistance Level: 1.4423 1.4531 1.4657

Support Level: 1.4308 1.4230 1.4146

When the pair moving ahead in the upward direction the first resistance level is 1.4423, break point in this would lead to prompt the trend to touch the yesterday’s top level of around 1.4531.

CHF gained at the forex market and took a strange move in the Forex charts showing the strength of the pair EUR/CHF and its performance is explained by giving reasons that as Christmas is close so the trades are high and stop order are pulled out from the trades.

Greece and debt problems are still to capture the minds of the traders and the Forex Trading platform as well. The data releases include German Ifo as one of the important event and possibly the Euroland Manufacturing PMI release will indicate the slight raise.

However, the clouds of risk reversal may come up and make the things more or less changed up at the forex market and rest of the things depends on the opening of the market in the next trade session