The euro remains with short-term uptrend, which will not be lost until it is not breaking on the downside, the 1.3495 support, which passes a trend line coming from 1.3043 minimum. While the price is not far from the same, the indicators in this short term charts are showing a probable break of this level.
Meanwhile, the British pound recovered some positions slowly after reaching a minimum at 1.5630 twice. Indeed, minimum could represent a double bottom change in trend figure. However, the pound has a dominant downtrend that has its target 1.5350.
Both the euro and the pound will be influenced on Thursday, after the announcements of the European Central Bank and the Bank of England monetary policy. Although, it is not expected to change their interest rates, could have ads that give greater impetus to the respective economies, especially the British, as in the fourth quarter of 2012 again suffered a setback, as shown by the GDP below zero.
On another note, the yen continued during the Asian session on Wednesday its way downward, setting the dollar before a new low since May 2010. At the moment there are emerging changes in short-term trend in the crossing USD/JPY, which has next bullish target at the area of 95.50.
The Australian dollar follows the similar route. It is preparing to break 1.03. Employment data for Australia will be known in the Asian session on Thursday, it could lead to further bearish momentum for the Aussie, which has already reached lows of November 16 in the last hours.
No relevant data is known at the moment. The start of trading in New York at 9:30 Eastern could give some pace to the currency market, as usual. Moreover, stock indices in Europe were mixed, while the Dow Jones index futures occur with uptrend, which could lead to a downward movement during the American session.