Greenback traded near a three-week low against the Euro before an industry report which is expected to show reduction in jobs by U.S. companies in June ,and on expectations that European Central Bank would bump up interest rates later this week.
Tech Outlook:
Euro is expected to be on mixed note for the day. Resistance is seen at 1.5880 levels. Support for the currency is seen at 1.5740 levels. Trading range is expected between 1.5745-1.5870 levels for the day .Stochastic lies in the overbought levels awaiting further clues from the market. Momentum lies in neutral territory .But currency is seen trading well above the fast moving averages
Pound is expected to be on mixed note for the day .Trading range for the currency is seen at 1.9890 -1.9980 levels for the day. support for the currency is seen at 1.9880 levels and resistance at 1.9995 levels for the day. Momentum indicates a bear note for the day. RSI remains silent on the issue but currency is seen trading well above the fast moving average .
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