As the first week of October kicked off last week, traders witnessed a number of volatile jumps in the worlds 2 primary currencies: the EUR and USD. Optimism appeared to be on the rise in America while Europe was giving off signals of a lagging economy. The USD had pared a moderate percentage of its previous losses until employment data in the US hampered those gains and sent the EUR flying high. As a result, every other currency in the forex market was impacted in a similar way since these currencies have the ability to influence world prices. The question remains: Will this week's data calm the market, or simply add fuel to the flames?

  • Forex Market Trends

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

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Weekly Trend

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Resistance1.47321.607290.641.04060.87980.92.11
1.47011.604190.331.03740.87750.9191
1.46701.601990.021.03450.87550.9170
Support1.46101.595789.411.02840.87140.9129
1.45791.592589.101.02520.86950.9108
1.46491.589588.791.02190.86740.9087