Update Time: 31 Jul 2015 01:07 GMT
EUR/USD - 1.0936
Euro's decline from this week's high of 1.1129 (Monday) to as low as 1.0894 yesterday signals correction from July's 12-week bottom at 1.0808 has ended there and as long as 1.1122 (previous support, now resistance) holds, consolidation with downside bias remains, a daily close below 1.0869 would retain bearishness for a re-test of 1.0808 next week.
On the upside, only a move back above 1.1122 would prolong choppy trading but price should falter below 1.1080 (post-FOMC high on Wed) and yield another fall.
Recommended Content
Editors’ Picks
EUR/USD turns negative near 1.0760
The sudden bout of strength in the Greenback sponsored the resurgence of the selling pressure in the risk complex, dragging EUR/USD to the area of daily lows near 1.0760.
GBP/USD comes under pressure and challenges 1.2500
GBP/USD now rapidly loses momentum and gives away initial gains, returning to the 1.2500 region on the back of the strong comeback of the US Dollar.
Gold retreats from highs on stronger Dollar, yields
XAU/USD trims part of its initial advance in response to the jump in the Dollar's buying interest and the re-emergence of the upside pressure in US yields.
XRP tests support at $0.50 as Ripple joins alliance to work on blockchain recovery
XRP trades around $0.5174 early on Friday, wiping out gains from earlier in the week, as Ripple announced it has joined an alliance to support digital asset recovery alongside Hedera and the Algorand Foundation.
Week ahead – US inflation numbers to shake Fed rate cut bets
Fed rate-cut speculators rest hopes on US inflation data. After dovish BoE, pound traders turn to UK job numbers. Will a strong labor market convince the RBA to hike? More Chinese data on tap amid signs of slow Q2 start.