July 21: American session

Tatyana Norkina, FBS analyst

U.S. dollar index is moderately recovering at the opening session and  increasing about 0.05%. Stock markets were opened with the gapdown of nearly 0.30%. It should be mentioned that there will be no publication of important macroeconomic indicators expected today, therefore tradings will be likely of pure technical nature.

Currency pairs are traded on Friday levels. Thus, the pair EUR / USD went back to 1.3510/1.3520 after the morning testing 13550. The pair GBP / USD is gravitating foward the bear market: the pair failed to recover above 1.7090 in the day time and is trading at 1.7060 now. As to USD / CHF  it is consolidating just above 0.8980, though bulls do not resolve to overcome 0.8990. Currency pair USD / JPY  is moving in the upper range of 101.20-101.35.

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