US Dollar continued to trade in his high levels against the main currencies; around 1.3150 against Euro, around 1.5550 against sterling and around 83.70 against the Japanese Yen. Dollar is still with a bullish sentiment due to the Euro Zone debt problems and expectations of US interest hike in the future. Liquidity remains low as traders prefer to take short take profits while getting ready for a long holidays weekend. Economic calendar is empty today from important data, but traders that interested in Canadian Dollar will focus on release of Consumer Price Index (CPI) at 12:00 GMT and retail sales data at 13:30 GMT.
Technical Levels
EUR/USD
Daily chars suggesting bullish correction, while a strong support at 1.3100 still in game and after 1.3100. MACD is turning up from negative levels after bullish cross. RSI in neutral levels. Buy again on 1.3100 failure.
USD/JPY
There is no specific direction. Daily charts are mixed. The pair in his neutral levels while a resistance of 84.50 is still a major point for a pair to remain trading in December range. MACD is flat in negative levels and RSI is no showing any signs for a clear direction. We will wait for the picture to become clearer or to sell on a 84.50 failure.
GBP/USD
Bearish correction might take as MACD on his positive momentum after bullish cross. RSI also pointing up from neutral levels. On wider picture, just a brake of 1.5380 will be a clear sign for new lows.
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