If the G7 meeting can be characterized as the main catalyst for the major sell-off in the US dollar between April and May, then non-farm payrolls will probably go down as the main culprit of the dollar’s weakness in June.
Although it may initially seem that the US dollar is stronger today compared to yesterday’s NY session close, it actually weakened significantly during the US trading session.
In the daily currency technicals, the euro corrects below 1.2800, the Japanese yen nears 113.00, the British pound gets pounded, and the Swiss franc continues in a channel.
Todd Gordon takes another look at the Elliott Wave count and entertains the idea that 1.3000 might not hold, and if not, the next target is approximately 1.3300.
Copyright 2026 Tiger Shark Publishing LLC . All rights reserved.
It should not be assumed that the methods, techniques, or indicators presented on these websites will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these websites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, Tiger Shark Publishing LLC, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.
Free Festival of Traders Videos
Currency
full story
printer version