US Dollar Index Price Analysis: Recovery targets the 97.90 area

DXY’s rebound looks to gather serious traction above 97.00.
Next on the upside emerges the Fibo level and recent tops near 97.90.

DXY has managed to regain some composure following recent weekly lows in the 96.40 zone (June 23).

Bulls now appear in control and could lift the index to the area of 97.90, where coincide monthly peaks and a Fibo retracement (of the 2017-2018) drop.

A more sustainable bullish attempt needs to clear the 200-day SMA, today at 98.37, in order to target the critical triple-digit barrier.

DXY daily chart

Jun 25, 2020

EUR/GBP Price Analysis: Bears await a sustained break below 0.9000 mark

The EUR/GBP cross continued with its struggle to find acceptance above mid-0.9000s and has now retreated back to the lower end of its weekly trading r

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Jun 25, 2020

UK: CBI Distributive Trade Survey - Realized recovers to -37% in June vs. -34% expected

Retail sales in the UK contracted at a softer pace than in June than it did in May with the CBI Distributive Trade Survey - Realized recovering to -37

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