Forex traders tried to take the US Dollar better this morning testing currency minor support levels, trying to tease day traders out of weak short US Dollar positions. There was, however no follow through and so the currency markets drifted back, awaiting Federal Reserve Chairman Bernanke’s continued testimony this afternoon. He is unlikely to have anything new planned to say to the financial markets, but we could see a slip of the tongue from a nervous debutant give the currency markets the excuse they need to move to new levels. The Swiss Franc traded to 1.3150, taking a few weak stops out at 1.3140 but drifted back to the 1.3120 level. Any volatility should see a clear way towards 1.3200 very quickly. Expect a similar story in the Japanese Yen with a target of 118.85 then 119.20. The Euro could weaken to 1.1810 against the US Dollar. The British Pound seems bound to trade lower to 1.7270 with the next support level just below 1.7200.