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Key Technical Levels Remain for USD-pairs as Week Ends

Key Technical Levels Remain for USD-pairs as Week Ends

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- EURUSD break through $1.1200 could mean $1.1050 next week.

- USDJPY needs to clear out ¥123.90.

- See the June forex seasonality report.

It's a much quieter day on the economic calendar, with only one event due over the next few hours that qualifies as a 'medium' or 'high' ranked event to close out the week. Instead, attention will be focused on two developing themes as the week draws to a close: the rebound in US economic data; and the negotiations surrounding Greece.

See the above video for technical considerations in EURUSD, USDJPY, GBPUSD, AUDUSD, and the USDOLLAR Index.

Read more: Important Day Ahead for US Dollar Both Fundamentally and Technically

--- Written by Christopher Vecchio, Currency Strategist

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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