Each of the major European currencies---the euro (represented by the FXE), the British pound (represented by the FXB) and the Swiss franc (represented by the FXF)---was able to claw back on Tuesday and regain the ground lost to the U.S. dollar (USD) on Monday without dropping below any key support levels or above any key resistance levels. It appears that we will be seeing another extended period of sideways consolidation on each of these currency pairs. EURUSD - The EUR-USD currency pair found a strong support level at 1.4100 and has bounced back up as the USD gave up some of the ground it took on Monday. GBPUSD - The GBP-USD currency pair also found support at 1.6300, and it looks like the GBPUSD will be consolidating between 1.6300 and 1.6600 for a while. USDCHF - The USD-CHF currency pair seems doomed to rattle around between 1.0600 and 1.0800 for quite some time.
| | | {loadposition livevideopromo} | | | | | | | | | {loadposition contentad} | | | | | Check out how the EURUSD is doing in the EURUSD video below. FXE - The CurrencyShares Euro Trust (FXE) seeks to track the price of the Euro, net of trust expenses. FXE seeks to reflect the price of the Euro. The sponsor believes that, for many investors, the shares represent a cost-effective investment relative to traditional means of investing in the foreign exchange market. FXB - CurrencyShares British Pound Sterling Trst (FXB) seeks to track the price of the British pound, net of trust expenses. FXB seeks to reflect the price of the British pound. FXF - CurrencyShares Swiss Franc Trust (FXF) seeks to track the price of the Swiss franc, net of trust expenses. FXF seeks to reflect the price of the Swiss franc. | 
