The US Dollar (USD) is on track to ease for a third straight day in a row while US traders will not be making their way to the trading floor as US markets are closed due to Independence Day.
The US Dollar eases further after relatively dovish Fed Minutes. The focus will be across the Atlantic, with the UK heading to the voting booth and the ECB’s symposium wrapping up. The US Dollar index bounces off 105.00, though selling pressure builds. The US Dollar is on track to ease for a third straight day in a row while US traders will not be making their way to the trading floor as US markets are closed due to Independence Day.
53 and 105.89 are the first nearby pivotal levels. Once a daily close above those levels, the red descending trend line in the chart around 106.23 and the April’s peak at 106.52 are the two main resistances ahead of a fresh nine-month high. That would be reached once 107.35 is broken to the upside. On the downside, the 55-day SMA at 105.22 safeguard the 105.00 round figure. A touch lower, near 104.76 and 104.
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