After four days in which the euro and British pound had dominated the market, the trend markedly reversed by last Thursday. Several negative economic reports from the U.S. have added to concerns regarding the global economic recovery, boosting risk aversion. Both the U.S. dollar and yen saw gains as a result. Will the dollar and the yen continue to strengthen this week as well?

Forex Market Trends

 EUR/USDGBP/USDUSD/JPYUSD/CHFAUD/USDEUR/GBP
Daily Trenddowndowndownnodownno
Weekly Trendnoupdowndowndowndown
Resistance1.27911.564086.131.04200.89900.8252
1.27701.561885.921.03990.89670.8231
1.27371.558685.631.03680.89350.8199
Support1.26751.552585.011.03070.88750.8135
1.26441.549484.701.02800.88440.8104
1.26251.547284.511.02610.88220.8085