Dollar continues to stay firm in early US session as supported by strength against Sterling, Yen and to a lesser extent Canadian. Yet, the moves are rather indecisive elsewhere. The greenback remains bounded in range against Euro and Aussie, and even Swiss Franc. Euro receives no support from stronger than expected inflation data. The common currency is reversing some of this weak’s gain, in particular against the Swiss Franc.

Technically, focus could be back on 1.0623 temporary low in EUR/CHF. Break will resume the fall from 1.0915 to retest 1.0503 low. Selloff in EUR/CHF could trigger selloff in Euro elsewhere. Break of 1.1168 support in EUR/USD will resume the decline from 1.1422.

In Europe, currently, FTSE is down -0.94%. DAX is down -0.01%. CAC is down -0.42%. German 10-year yield is down -0.0136 at -0.482. Earlier in Asia, Nikkei rose 1.33%. Hong Kong HSI rose 0.52%. China Shanghai SSE rose 0.78%. Singapore Strait Times rose 0.61%. Japan 10-year JGB yield rose 0.0152 to 0.032.

Source: www.actionforex.com