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U.S. Dollar Index<\/a> is moving lower as traders react to the PCE Price Index report, which showed that PCE Price Index declined from 3.8% in May to 3% in June. Today, traders also focused on the final reading of the Michigan Consumer Sentiment report, which missed analyst estimates<\/a>.<\/p>\n U.S. Dollar Index faced strong resistance near the 102.00 level. In case U.S. Dollar Index settles below the 101.50 level, it will head towards the support in the 101.00 \u2013 101.15 range.<\/p>\n<\/div>\n<\/div>\n EUR\/USD<\/a> rebounds as traders react to Germany\u2019s inflation reports<\/a>, which indicated that Inflation Rate declined from 6.4% in June to 6.2% in July. Euro Area Economic Sentiment decreased from 95.3 to 94.5, compared to analyst consensus of 95.<\/p>\n The nearest resistance level for EUR\/USD is located in the 1.1070 \u2013 1.1095 range. A move above 1.1095 will open the way to the test of the resistance at 1.1170 \u2013 1.1190.<\/p>\n GBP\/USD<\/a> has also managed to gain upside momentum in today\u2019s trading session due to the general weakness of the U.S. dollar.<\/p>\n In case GBP\/USD climbs back above the 50 MA at 1.2890, it will move towards the resistance in the 1.2970 \u2013 1.3000 range.<\/p>\n USD\/CAD<\/a> is mostly flat after Canada\u2019s GDP report, which showed that GDP declined by 0.2% month-over-month in June. Analysts expected that Canada\u2019s GDP would grow by 0.1%.<\/p>\n From the technical point of view, USD\/CAD continues its attempts to settle above the resistance at 1.3240 \u2013 1.3265. In case USD\/CAD manages to settle above this level, it will move towards the next resistance at 1.3360 \u2013 1.3380.<\/p>\n USD\/JPY<\/a> gained ground after BoJ left the interest rate unchanged at -0.1%. Traders bet that BoJ will remain focused on its ultra-dovish policy in the second half of this year.<\/p>\n If USD\/JPY settles back above the resistance at 140.45 \u2013 140.80, it will move towards the next resistance level, which is located in the 141.85 \u2013 142.35 range.<\/p>\n For a look at all of today\u2019s economic events, check out our economic calendar<\/a>.<\/p>\n<\/div>\n<\/div>\nGBP\/USD<\/h2>\n
USD\/CAD<\/h2>\n
USD\/JPY<\/h2>\n