Dollar sell off across the board in late America, has left majors set for another run higher against greenback that reversed early gains and close strongly down across the board. Despite the almost exaggerated rally more due to lack of liquidity and summer vacations than anything else, majors remain inside the same ranges we are seeing since early June.
EUR/USD now at 1.4360 area, with 1.4406 and 1.4445, yearly high as immediate resistance levels, while under 1.4340 downside will come back into play; GBP/USD remains weak enough to hold under 1.6280/1.6300 area with supports at 1.6260 and 1.6220. USD/JPY likely to remain bearish despite local stocks are set to rise, ahead of next Sunday general elections.
EUR/USD (Aug 28 at 05:08 GMT)
H 1.4378 L 1.4344
| S3 | S2 | S1 | R1 | R2 | R3 |
| 1.4283 | 1.4319 | 1.4355 | 1.4365 | 1.4401 | 1.4437 |
| [?]Trend Index | [?]OB/OS Index |
| Neutral | Neutral |
| Data updated on Aug 28 at 04:40 (15-minute timeframe) |
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