The EUR/USD has dropped to the 1.3360 low so far. The Euro volatility remains high as the debt crisis continues with no clear solution. Investors are shifting back to the U.S Dollar and Japanese Yen as a more stable investment. Intraday bias remains on the downside, as long as the 1.3934 minor resistance line is not broken.

The U.S Dollar is rallying against all majors, as the Feds move away from quantitative easing and focus on long-term interest rates. “Operation Twist” as dubbed by the Feds, has rallied the Dollar, investors are selling high-yielding currencies, and shifted the main focus back on the Eurozone debt crisis. The Sterling (GBP) has dropped significantly against the Dollar, 38 weeks low.

The EUR/USD is trading slightly to the upside as announcement for monetary stimulus is expected by the Feds. Investors are selling the U.S dollar for other major currencies, quantitative easing is expected this Wednesday. EUR/USD is stabilizing itself at the 1.3500 low for now. Intraday bias remains on the downside, as long as the 1.3934 minor resistance line is not broken.

After reaching the 1.0025 high on Sept.12th.2011, the USD/CAD has been on a downtrend and so far it has hit the 0.9782 low. The currency pair has a strong downside trend, from the 1.0370 to 0.9405 low (October 19th, 2010 to July 27th, 2011). Intraday bias has changed to the downside, once the 0.9828 minor support line was broken.