EUR/USD
In a quiet summer market this European morning, the pair just broke below important support at 1.3000 to the current 1.2995. We expect a move today to the 1.2950 next support and then see a sideways trend between 1.2950 and 1.3000.
GBP/USD
The pound broke below the 1.5600 handle against the dollar and is trading currently at 1.5581. We do not expect any significant upmove today but instead range trading between 1.5540 and 1.5600.
USD/CHF
Consolidating at higher levels from yesterday's trading in the early European market, the dollar against the Swiss franc is priced right now at 1.0432. There is not much more downside risk today in our view, rather a continuation upwards to the 1.0455 resistance.
USD/JPY
In an intact downtrend against the yen, the dollar is currently trading at 86.30. We expect that downtrend to fade out today and reckon with recovery moves up 86.65.
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