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Dollar jumps as EUR/USD falls below 200 day moving average

The dollar has taken a jump higher in recent trading and that has seen the USD/JPY snap its earlier downside towards 146.50 again. It is that coupled with yet higher US yields that has sent the GBP/USD and EUR/USD to fresh session lows. The EUR/USD just now took out the low seen last week, at 1.0828 and below its 200 day moving average (now at 1.0820) and looks like it has tripped stops in the process of falling back closer to the 1.08 handle. The low right now has been set at 1.0807 and all this has weighed on gold again, but that will be the subject of the very next update. The EUR/USD is just now trading at 1.0808
 

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