First quarter earnings may have been a positive factor so far, but the outlook is still far from encouraging.

After shaking off the reins of congestion this past Friday, euro traders will jump on the opportunity to develop this momentum into a trend.

As long as the market’s fear the possibility of another crisis, the dollar will be coveted for its deeply liquid markets and the aggressive actions of the US government.

Against its US counterpart, the European currency finished more than a week of congestion near multi-month highs with a plunge that called into question the underlying health of the euro.

Fundamental traders will focus their attentions on the greenback’s fading appeal as a key safe haven currency.

The British pound has recovered some ground against the benchmark dollar, but not enough to put it out of harms way for the coming week.

How long the dollar can hold out as the headwinds to free-market economics increase is debatable.

While risk and financial stability will be the main drivers of for a market that is always deriving relative value, there is still general growth and interest rates still to consider for the euro.

With global interest rates quickly approaching zero and more than three months of congestion under the market's belt, fundamental speculation is focusing on gauging the world’s economies' position on the recession curve.