Over the past week, Crude Oil saw an extremely volatile session. After peaking at $86.60 a barrel, crude oil sharply dropped and is currently trading at $83.30 a barrel. At the same time, the Dollar is correcting losses against the Euro and the two trends seem to be correlated. Will this proceed?

Forex Market Trends

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

Daily Trend

Weekly Trend

Resistance
1.3555
1.5355
93.00
1.0750
0.9290
0.8925

1.3520
1.5320
92.65
1.0715
0.9260
0.8890

1.3490
1.5285
92.30
1.0680
0.9225
0.8860

Support
1.3430
1.5215
91.70
1.0615
0.9160
0.8790

1.3400
1.5180
91.40
1.0585
0.9130
0.8760

1.3370
1.5150
91.05
1.0550
0.9100
0.8730