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EUR/USD slips but still holds 1.0900 for the time being

The move higher in the Dollar overnight has seen the EUR/USD fall back. To be honest trading in this pair was pretty dull yesterday and entirely covered by 1.0934 to 1.0964 for the most part. The EUR/USD later posted a synthetic US close at 1.0950. The jump in US yields today and gains in the USD/JPY has pushed the Euro back and delivered a low so far at 1.0913. So, for the time being that 1.0900 handle has remained intact. The 50 day moving average is in place right now at 1.0907, so as you can see; that has capped the downside too. Now some might think the resounding Trump victory in Iowa last night has a role in the US dollar advance, but you know what? I am not even going to go there folks. I shudder to think what that might mean in due course. I think that speaks volumes of my opinion on all that. So, moving on; the Euro is at risk of further dollar strength this morning and that looks clear to see ahead of the wider European markets opening shortly. The EUR/USD is currently trading at 1.0921
 

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