π Dollar bounce looks shaky, EUR/USD holds line
The US Dollar's recent bounce appears vulnerable, with indicators suggesting potential further losses ahead this year. A significant high was seen around the week of June 22, forming a double top near 100.50. Momentum is currently showing strength above the 50-week and 200-day EMAs as prices hold key levels. Meanwhile, the CPI-U rose 0.1 percent in July, following a 0.4 percent drop in June. The all items index increased 3.4 percent over the last 12 months before seasonal adjustments.