Today’s highlights:
DXY $ Index risk is only seen turning bullish again back above 86.00/10.
EURUSD has extended strength from price support at 1.2605, but we stay bearish for an eventual break lower to retest 1.2500/2460.
EURGBP bias stays for an eventual break beneath .7849, to again expose key support at .7766/55.
GBPUSD must still break above the 1.6186 pivot to ease ongoing downside risks.
USDCAD continues to consolidate gains, but the trend stays higher to retest the 1.1386 peak, above which would look on to medium-term channel resistance at 1.1570.
USDJPY risk remains topside above the pivot point at 107.50.
EURJPY stays bullish for a retest of the 55-day average at 137.48/50.
Read the full report: FX Daily