EURUSD attempts to rebound

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The US dollar softened over slower wage growth in June. After the euro broke below the daily support at 1.0370, the lack of bids has been driving it towards parity. A bullish RSI divergence shows a slowdown in the sell-off, and the bears may start to take profit in the major demand zone around 1.0000. The historical level may also attract a number of bargain hunters, offering the single currency further support. 1.0220 is the first resistance and its breach would ease the downward pressure and confirm a rebound in the short term.
 

CADCHF continues to climb

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The Canadian dollar rallied as June's unemployment rate dropped below 5%. 0.7480 has been a tough resistance to crack over a three-week long consolidation. Sentiment may finally have turned around after the bulls cleared this level. As sellers rush to close their positions, renewed buying interest could pave the way for a sustained rebound. 0.7580 is an intermediate resistance and its breach could propel the loonie to 0.7740 right below the recent peak. On the downside, 0.7480 has turned into a support level.
 

GER 40 breaks resistance

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The Dax 40 jumps as risk appetite makes a timid comeback across equity markets. The index has found support over March low at 12420. A close above 12850 forced sellers to cover and the momentum could bring in more interest in the short-squeeze. 13350 next to the 30-day moving average is a major obstacle and stiff selling pressure could be expected. A bullish breakout would open the door for an extended recovery. After the RSI shot into overbought territory, 12780 from the latest pop is the first support.

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