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EUR/USD lifts to session highs above 1.0430 as GBP/USD tests resistance level
Further to earlier updates this morning the dollar has lost some more ground right now. The EUR/USD has just reached new session highs above 1.0430 (1.0434 the high so far) and the GBP/USD has just tested that noted 21 day moving average, at 1.2574. The move lower in the dollar comes even as US yields nudge higher, which is a little odd. There might be some stops in place on the EUR/USD above the high seen yesterday, at 1.0437 but that cannot be confirmed here. So, we shall have to see on that. The GBP/USD did just trade ever so slightly above 1.2574. The high seen a short while ago was set at 1.2576, but that in itself does not constitute a defined break of the level. Besides it is a little lower right now, trading at 1.2565
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The previous update looked at how the Nasdaq 100 was just slightly paring its opening gains and it is the same for the Dow Jones and the S+P 500 too... -
Dollar off the boil as US stocks edge back from opening highs-EUR/USDS back above 1.1125
The previous update looked at how the Nasdaq 100 was just slightly paring its opening gains and it is the same for the Dow Jones and the S+P 500 too... -
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