US Dollar Consolidation keeps on going

The US dollar finished week up against almost all of the majors, except the British pound and Japanese yen, but the currency actually did little but combine. Looking to the DXY index, one can indicate that the US dollar dropped on Friday was eventually advocated by an increasing trend-line around 80 linking the June 3 and June 11 lows. With struggle threatening just up at 81.35, this period of tense range-bound trade gives the currency at risk to breakouts this coming week, particularly since there is going to be quite a bit of event risk on hand from the US. On Tuesday, the National Association of Realtors (NAR) is expected to give details on that existing home sales went up for the 2nd straight month at a rate of 2.6 % in May to a yearly speed of 4.80 million from 4.68 million.