The US dollar had a mixed performance, although it was generally weaker against most currencies at the end of the day.
EURGBP recently broke below the .7100 key support level, indicating that sellers are ready to push the pair lower.
The US dollar was off to a strong start this week, thanks to risk aversion stemming from the weekend events.
EURUSD finally broke out of its triangle consolidation pattern visible on longer-term time frames, signaling that the pair is ready for more declines.
The US dollar consolidated against most of its FX trading rivals in recent sessions, as data from the economy came in mixed.
USDJPY is starting to move sideways on its 1-hour time frame, as resistance at the 124.25 level held.
The US dollar was able to advance against some of its counterparts yesterday but gave up most of its recent gains in today’s Asian trading session.
GBPAUD has been forming higher lows, creating an uptrend on its 4-hour time frame.
The US dollar took advantage of the run in risk aversion earlier on in the day, as traders started to accept the idea that Greece might default on its loans.
EURAUD formed a double top pattern on its 4-hour chart recently, signaling that price is exhausted from its climb.