Following a relatively calm trading week, the U.S. Non-Farm Payrolls data managed to boost volatility in the market, bringing down the U.S. dollar in the process. The dollar fell to an 8-month low against the yen and to its lowest level against the euro since May. The main question now is whether the dollar will continue to slide, or will a correction take place?

Forex Market Trends

 EUR/USDGBP/USDUSD/JPYUSD/CHFAUD/USDEUR/GBP
Daily Trendupupdowndownupup
Weekly Trendupupdowndownupdown
Resistance1.33601.605186.281.04660.92640.8396
1.33411.603086.061.04450.92450.8375
1.33121.599985.781.04130.92120.8344
Support1.32511.593885.151.03520.91510.8285
1.32201.590784.841.03210.91200.8254
1.31991.588584.621.03000.90980.8231