Later today in the U.S., July ISM Manufacturing Index will be expected at 53.6, it stood at 52.6 in June. June Construction Spending are expected at +1.0% on month. Also, Final estimation of July Markit Manufacturing PMI will be expected at 51.3.

From a technical point of view, on a daily chart, Dollar Index has validated a bearish flag and remains on the downside, capped by its declining 50-day moving average (in blue). The daily RSI stands within its selling area. Readers may therefore consider the potential for further weakness as long as 96.30 is not broken to the upside. The nearest support would be set at horizontal support at 92.30. A second one would be set at previous overlap at 91.00.

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DISCLAIMER: The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase of sale of any currency. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.

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