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Weekly Forex Forecast For July 1-5, 2024 (DXY, EURUSD, GBPUSD, USDCAD, XAUUSD)

From dailypriceaction.com

The US dollar is back in a familiar range, but how might that affect your favorite currency pairs next week? Get the details in today’s analysis, including key levels and targets for the DXY, EURUSD, GBPUSD, USDCAD, and XAUUSD. The DXY continues to churn higher following the 105.50 reclaim. Despite a relatively choppy rally, things continue to look mostly bullish for the US dollar following the early June fakeout below channel support. Given where the DXY is trading, a retest of 106.50 resistance looks to be in the cards, but maybe not before a slight pullback early next week. EURUSD appears to be closing a third ... (full story)

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  • Category: Technical Analysis