DXY Technical Analysis: the greenback cleared 95.00 and now targets 2018 highs in the 95.50/55 band.

The greenback prolongs the rally for the fifth consecutive session on Friday and has left behind the critical milestone at 95.00 the figure.
DXY remains underpinned by sentiment while initial contention emerges at the 10-day SMA at 94.99. This area is reinforced by the hourly peak at 94.94 seen on Thursday.
Immediate target is now the area of 2018 peaks in the mid-95.00s. Once cleared, the psychological handle at 96.00 the figure should emerge in the horizon ahead of 96.51, monthly high July 2017.

Pablo Piovano FXStreet

DXY hourly chart

Daily high: 95.24

Daily low: 94.80

Support Levels

S1: 94.81 hourly low July 13

S2: 94.68 21-day SMA

S3: 94.48 10-day SMA

Resistance Levels

R1: 95.21 200-week SMA

R2: 95.53 2018 high June 28

R3: 96.00 psychological handle

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.