AUDUSD grinds support
 

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The Australian dollar found some firm resistance as risk appetite remains volatile across all markets. The latest move higher above 0.6700 met stiff selling pressure, and prices are at a major crossroads as they head towards the recent double bottom at 0.6660. A bearish continuation would trigger a wave of liquidation and send the Aussie to the base of the year-end low at 0.6600. On the flip side, a bullish close might extend gains to test the recent high at 0.6750 again.
 

EURGBP stuck sideways
 

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The euro failed to move higher as GDP data moved higher in the UK. The pair continues to struggle for bids as it approaches the recent low of 0.8650. The RSI’s muted condition on the chart could attract some bargain hunters, but they will need to lift prices around 0.8680 to ease the pressure first. 0.8700 would be the major hurdle before short-term sentiment could turn around. On the downside, a breakout could trigger a bearish decline below 0.8600.
 

GER 40 falls from new high
 

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The Dax index slipped away from its record run as price action looks for the next signal. An extension above 25000 had set the stage for a fresh all-time high before traders began taking profits. Sentiment remains positive, but the recent downturn has also pulled the RSI lower, suggesting a deeper pullback could be due to let the bulls catch their breath. 25200 is the immediate support for the index to hold onto its gains.

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