The U.S. dollar corrected looses against most of the major currencies during last week's session, as data showed that global recovery might take longer than expected. This decreased risk-appetite in the market, and turned investors to look for safer assets, such as the dollar and the Japanese yen. Crude Oil prices also fell as a result. With a heavy news week ahead, this trend might extend if the economic publications will continue to provide signals for a slowdown in the global recovery.

Forex Market Trends

 EUR/USDGBP/USDUSD/JPYUSD/CHFAUD/USDEUR/GBP
Daily Trendupupupdownupup
Weekly Trendnononodownupno
Resistance1.28801.568086.851.06100.90100.8300
1.28451.564586.501.05750.89750.8270
1.28151.561086.201.05400.89400.8240
Support1.27451.554085.501.04700.88700.8170
1.27101.551085.201.04400.88400.8140
1.26801.547584.851.04050.88050.8110