Last week's market highlights:A looming default on US debt sent markets into a risk-off panicLast week, the market was hot on the US debt ceiling, US Treasury Secretary Janet Yellen, the International Monetary Fund and other important figures/organizations have warned that once the US debt default will have a series of serious repercussions. As a result, markets have become more risk-averse, with the dollar, a traditional safe haven, rising and gold outperforming other non-US currencies.A debt limit meeting between President Joe Biden and top lawmakers scheduled for last Friday has been postponed until this week. Yellen previously said the earliest June 1 default, half a month from today. Based on past experience, the US debt ceiling has always been resolved at the last minute, which means that the US debt issue may still be inconclusive this week, and it may still be in the "panic risk-off" atmosphere of US debt default.In the face of this "nuclear bomb level" risk, all other issues, including the previous market concerns about economic issues, inflation seems to be less important, last week released the United States in April CPI data, an increase of 4.9%, but the market discussion about this is not much.Market highlights this week:1. Important data. On Tuesday, U.S. retail sales for April will be released.2. Major events. The White House and congressional leaders are set to hold talks this week on raising the debt ceiling.This week's main product technical analysis:Euro/US Dollar (EURUSD)The technical characteristics of EURUSD at the H4 level are:1.EURUSD broke down last week and emerged from the trend pattern of "up + consolidation + down".2. The H4 level is in the main falling wave, which corresponds to the fundamental risk-off panic.The dollar has risen on the back of heightened risk aversion as markets talk of a US debt default. This caused EURUSD to finally choose to break down and is in the main falling wave. Until the debt problem is resolved, the euro may find it difficult to strengthen. EURUSD is likely to remain dominated by bearish bets this week.The first support below EURUSD is 1.0830 and the second support is 1.0730. The first resistance above is 1.0930 and the second resistance is 1.1000.British Pound/US Dollar (GBPUSD)The technical characteristics of GBPUSD at the H4 figure level are:1. GBPUSD turned downward after the fake break last week, showing that risk aversion has increased, and GBPUSD bulls have given up the attack.2. Although GBPUSD chose to turn down, it is still in a large oscillation range, as shown in the figure below. So last week's drop was a shock drop, not the start of a downward trend.GBPUSD is now characterized by a decline within the trading range, rather than a downtrend, which means GBPUSD may be weaker this week. But for traders, there are opportunities both long and short, after all, in the big shock.GBPUSD is at the first support level of 1.2440 and the second support level of 1.2390 this week. The first resistance above is 1.2500 and the second resistance is 1.3000.Gold (XAUUSD)The technical characteristics of gold at the H4 chart level are:1. Gold is in the H4 range.After reaching a new high, gold failed to continue to rise and fell into shock. Traders can think about the market in terms of the existing volatility, and focus on volatile opportunities for gold this week. At present, gold is relatively low, focusing on the possibility of support above 2000.The first support for gold this week is 2000 and the second support is 1980. The first resistance above gold is 2040 and the second resistance is 2060.Dow Jones Index (Wst30)The technical characteristics of the Dow at the H4 chart level are:1. After hitting new highs last week, the Dow has come out of a correction and is supported at the 38.2% Fibonacci retracement line.2. The Dow's pullback has channel characteristics.3. The MACD of the Dow is showing the first signs of divergence.The MACD of the Dow has initial signs of a bottom divergence, and if it is further confirmed this week (fast/slow line gold cross), the Dow is expected to bottom out and rebound. If the rally breaks further upward through the down channel, there is the possibility of further gains.The first support level for the Dow this week is 33100 and the second support level is 32950. The first resistance above the Dow is 33500 and the second resistance is 34,200.Crude oilThe technical characteristics of crude oil H4 grade are:1. Crude oil is experiencing fluctuations at the level of the sky map.2. MACD of crude oil has initial signs of divergence.Crude oil in the big shock (sky chart level), should not be too bearish on crude oil. There are initial signs of divergence in the MACD on the H4 level chart, and if the divergence is further confirmed (gold cross on the fast/slow line), crude oil is expected to bottom out. If further upward breaks through the upper rail of the channel, there is the possibility of further upward. This is somewhat similar to the technical pattern of the Dow.The first support level for crude oil is 69.00 and the second support level is 66.00. The first resistance above is 71.80 and the second resistance is 73.80.