USD: Key level in the Dollar Index is a little below 89.00 - BBH

The shape of the dollar's pullback will give better indication of whether or not the long overdue technical correction is at hand, according to analysts at BBH.  

Key Quotes

“A move above $1.2440-$1.2460 might see the euro re-challenge its recent highs above $1.25 and probe into the band of technical objectives that extends from around $1.26 to $1.28.  Sterling needs to overcome the $1.4120-$1.4160 area to reignite the move higher.  Most observers cannot feign surprise that new official studies suggest that under numerous scenarios, the UK will be poorer after Brexit.  A break of the JPY108.00-JPY108.30 would be understood as extending the greenback's slide.  The key level in the Dollar Index is a little below 89.00.”