Dollar index trading at 94.14 (-0.11%)
Strength meter (today so far) – Euro +0.15%, Franc +0.20%, Yen +0.28%, GBP +0.33%
Strength meter (since last week) – Euro +1.69%, Franc +1.31%, Yen +0.82%, GBP -0.69%
EUR/USD –
Trading at 1.164
Trend meter –
- Long term – Buy, Medium term – Buy, Short term – Breakout/ Buy
Support
- Long term – 1.11, Medium term – 1.125, Short term – 1.14
Resistance –
- Long term – 1.16, Medium term – 1.16, Short term – 1.16 (broken)
Economic release today –
- NIL
Commentary –
- The euro cleared key resistance around 1.16, further rise likely. Active Call: Buy euro targeting 1.19
GBP/USD –
Trading at 1.3
Trend meter –
- Long term – Sell, Medium term – Buy, Short term – Sell
Support –
- Long term – 1.26, Medium term – 1.275, Short term – 1.293
Resistance –
- Long term – 1.345, Medium term – 1.305, Short term – 1.305
Economic release today –
- Public sector net borrowing in June came at £6.278 billion.
Commentary –
- The pound is the worst performer of the week so far.
USD/JPY –
Trading at 111.5
Trend meter –
- Long term – Sell, Medium term – sell, Short term – Range/Sell
Support –
- Long term – 107, Medium term – 108.4, Short term – 111
Resistance –
- Long term – 116, Medium term – 114.2, Short term – 114.2
Economic release today –
- NIL
Commentary –
- The yen is up on weaker dollar but lacks buying pressure as risk aversion is absent.
USD/CHF –
Trading at 0.95
Trend meter –
- Long term – Buy, Medium term – Range/Buy, Short term – Range/Sell
Support –
- Long term – 0.90, Medium term – 0.92, Short term – 0.95 (testing)
Resistance –
- Long term – 1.04, Medium term – 1.01, Short term – 0.987
Economic release today –
- NIL
Commentary –
- Franc is up in line with the euro this week.
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