Euro (Eur)
The report which was release today with regards to German ZEW survey it turned out to be bad. It came out at -9 as compared to forecasted -3. Further the Euro-zone economic sentiment survey was at the -5.9 mark viz-a-viz the expected level was 6.1. The levels to look at for EUR / USD would be; pair staying above 1.4300 levels then can to touch 1.4400 levels and if it goes below 1.4270 level then it can go down more till 1.4150.  

British Pound (GBP)
Because of UK public sector net borrowing showed small decline to 15.2 B as compared 16.5B it led to small decline in GBP/USD pair. The levels to look at would be 1.6100 and 1.6300.

US Dollar (USD)
The US existing home sales declined only to 3.8% compared to the forecasted drop of 5.0%. USD became stronger against Pound and Euro.

Dollar (USD)
Dollar showed a mixed reaction against major currencies, thereby not showing signs for one particular direction. Unless there is major news coming out this would continue. NASDAQ went up by 0.3% and Dow Jones went down by 0.04%. The crude fell and closed at $84.81 a barrel and Gold went up by $1365 an ounce. The major report to look at today is Retails Sales and Core Retail Sales.

Euro (EUR)
Since no signs of immediate solution to resolve Europe debt crisis make Euro went down against the Dollar. The EUR / USD pair seems to be bearish after a short pull back. There are many economic report expected today.

British Pound (GBP)
The Pound went up against Dollar after initial fall. The Bank of England indicating the sign of growth in interest rate this year led to Pound rising. The support level of this pair is 1.5950 and resistance level is 1.6125.

Japanese Yen (JYP)
The GDP of Japan came out at 0.3% as compared to 0.5% which was better than expected. This made Yen go up against the Dollar. The support level for this pair is 83.00.