The euro slipped against to the U.S. dollar on Wednesday, easing off a four-and-a-half-month high; since a political crisis in the Portugal sparked fears that the country was moving nearer to an international bailout.

The EUR/USD hit 1.4154 throughout the late Asian trade, the pair’s lowest since Monday; the pair consequently consolidated at 1.4157, sliding 0.30%.

The pair was to be expected to find support at 1.3979, last Friday’s low and resistance at 1.4247, Tuesday’s high and a four-and-a-half-month high.

Afterwards Wednesday, the Portugal’s parliament was to vote on a fresh round of austerity measures. On Tuesday, Prime Minister Jose Socrates to threaten to resign after the major antagonism party indicated that it would not support the novel measures, a move which could consequence in snap elections.

For the meantime, the speculation that Ireland’s banks would have trouble repaying debt saw the yield on Irish 2 year notes increase to a euro-lifetime high.
The euro was also down against to the yen, with EUR/JPY shedding 0.41% to hit 114.43.

As well Wednesday, the fresh concerns on Japan’s nuclear crisis surfaced subsequent to the Tokyo metropolitan government advised families next to allowing infants to drink tap water after higher-than-allowed levels of radioactive iodine were found.

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The Euro was down against to the U.S. Dollar on Tuesday.

The EUR/USD was trading at 1.4216, down 0.07% presently.

The pair was to be expected to find support at 1.3873, Wednesday’s low, and resistance at 1.4240, Monday’s high.

For the time being, the Euro was lower against the Japanese Yen and the British Pound, with EUR/GBP shedding 0.04% to hit 0.8718 and EUR/JPY falling 0.13% to hit 115.12.

Also, the Australian Dollar was down against to the U.S. Dollar on Tuesday.

The AUD/USD was trading at 1.0046, down 0.18% presently.

The pair was to be expected to find support at 0.9755, Wednesday’s low, and resistance at 1.0070, Monday’s high.

For the time being, the Australian Dollar was lower against to the Japanese Yen and the Euro, with EUR/AUD gaining 0.11% to hit 1.4152 and AUD/JPY falling 0.17% to hit 81.40.

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The U.S. dollar posted unassuming gains next to the Swiss franc on Monday, among the optimism over the evolution in resolving Japan’s nuclear crisis, as the viewpoint of further intervention to remain the yen in check also weighed on the franc.

The USD/CHF hit 0.9068 throughout the European morning trade, the daily high; the pair consequently consolidated at 0.9058, gaining 0.51%.

The pair was to be expected to find support at 0.8974, Friday’s low and resistance at 0.9197, last Wednesday’s high.

Previously in the day, the workers at the stricken Fukushima nuclear power plant, 155 miles north of Tokyo, managed to fix power cables to all the 6 reactors at the complex and begin a water pump at one.

Elsewhere Monday, the crude oil prices rise after the coalition forces, including the U.S., the France and U.K., launched a 2nd wave of air strikes on Libya in an endeavor to eliminate loyalist support for leader Moammar Gadhafi and defend Libyan civilians from government forces.

The Swissie was too lower against the euro, with EUR/CHF increasing 0.38% to hit 1.2828.

Afterwards in the day, the U.S. was to publish official data on accessible home sales.

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