The US dollar strengthened gains after three months of gains as markets watched the FOMC minutes tomorrow and whether the FED will raise interest rates twice this year, as well as employment data to be released on Friday.
Currently, the dollar index is trading at 94.65, below the important resistance level at 95.14, and with breaking down support level at 94.20 will open the door for declining, as this level represents the neckline a possible double top pattern on the daily chart, which would target 92.70 levels.
On the other hand, the euro rebounded a little but still near its lowest level following the resolution of the dispute between the ruling coalition in Germany on immigration, which threatened to overthrow the government of German Chancellor Angela Merkel.
EURUSD is trading at 1.1660 after stabilizing higher than support level at 1.1550.
Sterling rallied to near 1.32 levels following construction data, which grew at its fastest pace in seven months. The June Purchasing Managers' Index rose to 53.1 from 52.5 in May, this is the third consecutive month of growth.
