13 Jul 2015
DXY edging higher, 97.00 on sight
FXStreet (Edinburgh) - The greenback, measured by the US Dollar Index, continues its relentless march north on Monday, trading in session highs around 96.70.
DXY supported near 95.60
The index has managed to revert the initial weakness following the EU-Greece deal in early trade, bouncing off session lows in the 95.60 to the current daily peaks in the 96.70/75 area.
The outcome of the EU Summit has triggered a sell off in the risk-associated assets today, allowing the dollar to regain ground lost at the end of last week. Ahead in the week, US Retail Sales are due tomorrow, with consensus expecting a gain of 0.3% on a monthly basis during June
DXY relevant levels
As of writing the index is advancing 0.69% at 96.68 with the initial up barrier at 97.24 (high Jul.7) followed by 97.34 (high Jun.5) and then 97.76 (high Jun.1). On the downside, a breach of 95.08 (low Jun.26) would aim for 94.86 (low Jun.30) and finally 94.72 (low Jun.29).
DXY supported near 95.60
The index has managed to revert the initial weakness following the EU-Greece deal in early trade, bouncing off session lows in the 95.60 to the current daily peaks in the 96.70/75 area.
The outcome of the EU Summit has triggered a sell off in the risk-associated assets today, allowing the dollar to regain ground lost at the end of last week. Ahead in the week, US Retail Sales are due tomorrow, with consensus expecting a gain of 0.3% on a monthly basis during June
DXY relevant levels
As of writing the index is advancing 0.69% at 96.68 with the initial up barrier at 97.24 (high Jul.7) followed by 97.34 (high Jun.5) and then 97.76 (high Jun.1). On the downside, a breach of 95.08 (low Jun.26) would aim for 94.86 (low Jun.30) and finally 94.72 (low Jun.29).