EURUSD
Pivot points seen at $1.0490, $1.0519, $1.0603, & possible target to $1.0859. The white trendline says it all ; upward sloping with directional trend challenging the channel range of $1.0603. The previous 5 sessions saw a weakening USD causing most commonwealth pairs to reverse their downward trends & to build from current levels. A further weakening USD could cause algorithms to move into gold to hedge their long crosses against USD denominated pairs. Watch these pairs for firming prices : AUDUSD, GBPUSD, & weakening prices in USDCAD & USDJPY.
