The US dollar's short-term bullish run seems to have met resistance yesterday. The EUR/USD fell to as low as 1.4310 by mid-day on Tuesday as risk aversion in the global economy helped spur growth in both the USD and JPY. However, reports out of Europe showing positive growth in manufacturing halted the greenback's movement and pushed the EUR/USD back towards 1.4380 by yesterday's close. Risk aversion present in the market was initially driving the USD higher yesterday morning. Towards the end of trading, however, the greenback had shifted into a bearish posture whereas other safe havens, such as the Swiss franc and Japanese yen, continued to soar. Technical pressure also appears to be weighing on the buck as many investors have added momentum to this latest downtick. Today's existing home sales figures out of the United States will likely provide less help for the USD from yesterday's downtick versus the euro, but risk aversion appears to be moving back in favor with the greenback as debt concerns in both regions favors safe-havens over higher yielding assets. Traders may want to anticipate a give-and-take trading session today as many are having difficulty assessing market direction.

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