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Dollar index (USDX) comes under further pressure this morning

The dollar is coming under further pressure right now and that is forcing it ever closer to support at around 104.00. The rise to above 105 earlier this week looks a long way off right now and support art 104.01 is at risk. After that resides further support at 103.92. The EUR/USD is leading the gains for the major currencies versus the dollar, as that now lifts to fresh session highs around 1.0865. The European equity markets are off the boil right now too, as the DAX slips back amid some rising geopolitical concerns surrounding recent headlines from the kremlin this morning. The dollar may get derive some support from that, but in the absence of such, the dollar index remains under pressure for the time being. The USD/CAD has also just now traded below its 200 day moving average, at 1.3503 and it is worth noting the Canadian dollar is a component of the Dollar index
 

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