The Euro (EUR) currently trades at a slow upward trend between 1.0680 and 1.0785, resisting a threshold surpass at 1.0785.
The British Pound (GBP) remains within the 1.2345 to 1.2440 range, failing to break through the resistance level at 1.2440.
The US Dollar (USD) sits between 1.0034 and 1.0139, showing signs of stability in the short run. Yet, it meets resistance at 1.0139.
The Japanese Yen (JPY) trades tight between 108.35 and 108.90, showing potential upward movement without breaking the resistance at 108.90 shortly.
The Australian Dollar (AUD), showing signs of a short upward swing, still struggles to surpass the upper limit of 0.6450 from its trading corridor of 0.6350 to 0.6450.
Recently, the EUR slightly retracted after a minor upswing to 1.0776. Traders are cautious, sticking to the range of 1.0710 to 1.0760.
Resistance levels limit the Euro’s growth at 1.0785, and rumors predict another at 1.0765.
Analyzing current trends in world currencies
Minor support is found at 1.0730, should it fall below 1.0715.
The British Pound has seen growth expected to reach a high resistance level of 1.3170, with another possible resistance at 1.3100, and minor support at 1.3075 should it drop below 1.3040.
The Japanese Yen is slightly descending but should hold at the support level of 103.85.Two potential resistance levels are at 104.25 and 104.40.
The Swiss Franc may see sideways movement, hitting resistance levels around 0.8965 and 0.9000, and minor support at about 0.8945 if it drops below 0.8920.
The Euro is forecasted to continue its current trend. However, major events globally could cause fluctuations.
Global events and economic indicators regionally are worth monitoring as they may affect the Euro’s value.
Meanwhile, the GBP/USD struggles against the 1.2700 marker, as traders await the outcomes of the FOMC minutes release and UK elections.
In the cryptocurrency realm, Bitcoin, Ethereum, and Ripple reported losses of 1.05%, 1%, and 0.5% respectively. As the market anticipates the US ADP Research Institute’s June job report, investors keep a close eye on global indicators impacting cryptocurrency prices.
