In the daily currency technicals, the euro rejects 1.2900 again, the Japanese yen strengthen, the British pound defends 1.9000, and the Swiss franc rejects 1.2190.
Summertime is the season for long vacations and we are finally feeling it in the currency market. With the big event of the year, namely the end of the Federal Reserve’s two year long tightening cycle behind us, traders can finally breathe a sigh of relief.
In the daily currency technicals, the euro targets former highs, the British pound is still digesting gains, and the Swiss franc tests triangle support.
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