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Recent USDOLLAR Uptrend Under Pressure as World Waits on Greece

Recent USDOLLAR Uptrend Under Pressure as World Waits on Greece

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- EURUSD trading back under $1.1200 after June Euro-Zone CPI.

- USDJPY threatening to lose key ¥122.40 support area.

- See the June forex seasonality report.

The EURUSD rally and USDJPY breakdown has put the USDOLLAR Index back at recent trend support. See the above video for technical considerations in EURUSD, USDJPY, AUDUSD, and the USDOLLAR Index.

Read more: Charts to Start the Week as Euro Plays Victim to Greek Drama

--- Written by Christopher Vecchio, Currency Strategist

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

Follow him on Twitter at @CVecchioFX

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

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