US Dollar at Risk of Deeper Losses as S&P 500 Launches Toward 1400

THE TAKEAWAY: US Dollar technical positioning warns of deeper losses ahead while the S&P 500 has taken out critical resistance and may move to challenge 1400 anew. S&P 500 – Prices took out resistance at 1363.90, exposing the July 5 high at 1380.60 and the horizontal barrier at 1392.10. A break... FF News: Technical

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EUR/GBP – Hourly falling wedge warns of minor recovery higher: MIG Bank

• EUR/GBP is exhibiting a falling wedge in the hourly time frame which warns of a recovery higher in the short-term. • Ultimately we seek a return to the old trading range between 0.6500 and 0.7000. • We maintain a tight stop and also will cancel the trade if the 0.7900 level is met without fi... FF News: Technical

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