Dollar Strength

The Dollar has continued to appreciate with the Dollar Index breaking last week’s high and reaching a high of 83.50 so far today. GBPUSD hit a new recent low of 1.5136 on the interbank market today and a test of the recent low of 1.5008 last seen on the 29th May is favoured, with a likely break leading to a test of support at 1.4830. EURUSD currently trades around 1.30 after briefly breaking below 1.30 earlier today hitting a low of 1.2991.

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