After a relatively calm trading week, an extremely volatile session is expected starting today. Last week, the Dollar fell against most of the majors as poor housing data weakened the greenback; however this could all change following the U.S. employment data which is expected on Friday. Traders are also advised to follow the ADP forecast which is expected on Wednesday, as it is considered to be a reliable forecast for the real result that will be published on Friday. Will the Dollar Erase last week's losses?

Forex Market Trends

 
EUR/USD
GBP/USD
USD/JPY
USD/CHF
AUD/USD
EUR/GBP

Daily Trend
down
down
up
down
down
down

Weekly Trend
down
no
no
no
no
down

Resistance
1.2475
1.5140
90.40
1.1025
0.8845
0.8315

1.2440
1.5110
90.10
1.0990
0.8815
0.8280

1.2410
1.5080
89.75
1.0960
0.8785
0.8250

Support
1.2340
1.5010
89.10
1.0890
0.8720
0.8190

1.2310
1.4975
88.80
1.0860
0.8690
0.8160

1.2275
1.4940
88.50
1.0825
0.8655
0.8125