The reversal of the U.S. dollar’s recent and short-lived rally against the majors has sent many traders to the sidelines to wait for a clearer trend to emerge. As a consequence, volatility and “risk appetite” have both declined.

Dow Jones :
Resistance(daily close) : 13 567.60, 13 668.74 and 13 792.53. Then 13 972.50, 14 045.62, 14 124.38 and 14 225.63. Break of the latter will lead to 14 298.75, 14 414.06, 14 501.28 и 14 578.94.
Support(daily close): 13 395.94, 13 162.60, 13 038.74 and 12 937.40. Then 12 743.40, 12 652.03, 12 [...]

EURUSD- EUR closed higher for a second consecutive week on Friday following its recovery off its May 08’08 low at 1.5285.The pair remains supported by its daily momentum indicators which are positive and pointing higher suggesting further gains but such strength must push it decisively through its May 06’08 high at 1.5595 and the 1.5710 [...]

The Dollar rebounded from a 2-1/2 week low versus the Euro on Monday after a key forecasting gauge unexpectedly rose in April, suggesting that a sharp economic downturn in the US might be nearing a bottom. That eased fears about consumer confidence and reassured investors that the Federal Reserve would have room to hike interest [...]