The Dollar decreased dramatically on Monday after a big day on Wall Street led to increased risk taking behavior among investors. An increase in equity and the price of commodities, as well as positive news on existing U.S. home sales had a dramatic effect on trading. Investors dumped their dollars in favor of high yielding currencies such as the EUR, which made impressive gains.

  • Forex Market Trends

 EUR/USDGBP/USDUSD/JPYUSD/CHFAUD/USDEUR/GBP
Daily Trend

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Weekly Trend

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Resistance1.50151.664089.601.01950.92750.9100
1.49951.662089.401.01750.92550.9080
1.49651.659089.101.01450.92250.9050
Support1.49051.653088.501.00850.91650.8990
1.48751.650088.201.00550.91350.8960
1.48551.648088.001.00350.91150.8940