The EUR / USD pair actually came close to the horizontal level of 1.2000, from which the chances of a price rebound upwards remain.
According to COT CFTC reports, large speculators continue to build up a long position and close short positions. So far, buyers have an advantage in the European currency (3 to 1). Therefore, the variant with a rebound from the “psychological” level 1.2000 is also confirmed by indirect data:
The dollar index decided to bounce off the strong monthly support range formed between 89.63 and 88.50 levels. It will be interesting to see the close of the current month, but a hint of a possible strengthening of the dollar has already been received:
For the Canadian we have a downtrend plus a horizontal level of 1.2940. From the point of intersection of these two lines, a potential rebound to the south can occur:
Tickmill Research Team