EURUSD slices through 100 day MA
The dollar is moving higher and also moving through some technical levels in the process.
EURUSD
The EURUSD fell below the 100 day MA at the 1.1209 level with not much of a pause. The price has traded below the 1.12 level as well. I thought that the 100 day MA would stall the fall, but so far traders are more interested in selling. Care
GBPUSD
The GBPUSD fell below it's 200 hour MA at 1.3271 level and not below the 50% of the mvoe up from the AUgust 30 low. That level comes in at 1.32506. That is more bearish.
USDJPY
The USDJPY moved above its 50% and 200 hour MA at 102.74-82 and staying above.
USDCHF
The USDCHF is above its 50% and 200 hour MA at the 0.9767.729 area. That is now support.
USDCAD
The USDCAD has continued it's move higher and extended above the 200 bar MA on the 4-hour chart at the 1.3004 and the the 61.8% at the 1.3022 level (from the high at Sept 1).
The greenback has been influenced by the more hawkish comments from Feds Rosengren. US interest rates in the debt market are up 3 to 8 basis points. The US stock market is not liking the tightening chatter either (Nasdaq down -0.94% and the S&P is down -1.06%)
