Tuesday 14th July: Greenback Modestly Recovers Ahead of US Inflation Data

The British pound concluded a shade lower against the greenback Monday, fading H4 Quasimodo resistance at 1.2653. Downside had the unit breach channel support, taken from the low 1.2257 (and retest the underside of the latter as resistance), and compete with orders at 1.26 as well as May’s opening level at 1.2583.

IC Markets

12 Jul 2020

Monday 13th July: Weekly Technical Outlook and Review

Europe’s single currency reclaimed earlier losses Friday, latching onto a healthy bid off 1.1255 to 1.13 against the buck, boosted by US producer prices unexpectedly declining in June.

IC Markets