Ongoing concerns over Greece’s repayments to the International Monetary Fund boosted the safe-haven buying and pushed the Swiss franc to a one-month high against the U.S. dollar. In this way, USD/CHF reached the short-term support, but will it withstand the selling pressure in the coming days?

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Earlier today, EUR/USD reversed and declined under 1.1300 once again as ongoing worries over Greece’s future in the euro zone (after talks between Greece and its international creditors ended without an agreement) weighed on investors’ sentiment. Will we see the common currency below 1.1200 in the coming days?

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Yesterday’s talks between Greece and its international creditors ended without an agreement, which fuelled worries over Greece’s future in the euro zone. As a result, demand for the U.S. dollar increased, pushing the GBP/USD lower to the previously-broken medium-term support/resistance line. What’s next?

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Yesterday’s solid data continued to support the greenback also today, which resulted in a comeback above the level of 95.50. Will U.S. consumer sentiment data support further improvement later in the day? Before we know the answer to this question, let’s examine the current picture of our six currency pairs and find out what can we infer from the charts.

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Earlier today, the U.S. Department of Labor reported that the number of initial jobless claims in the week ending June 6 increased by 2,000, beating analysts’ expectations. Additionally, the U.S. Commerce Department showed that retail sales increased by 1.2% in May (beating expectations for a gain of 1.1%), while core retail sales (without automobile sales) rose by 1.0% in the previous month (also beating forecasts for a 0.7% increase). Thanks to these solid numbers, the USD/CHF broke above two important resistance lines, but will this improvement trigger further rally?

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