EURUSD higher. USDJPY lower. Even the GBPUSD is off it's back.
The dollar has hit the skids as London/European traders get ready to exit for the day.
The EURUSD has moved above the 100 hour MA, the 200 bar MA on the 5 minute(green line in chart above. It had been holding below the line for most of the day) and is now above the close from Friday and yesterday at the 1.1386 level. Next stop...Completing the down and up lap at the high for the day at 1.1404.
The USDJPY has moved below the lower trend line on the daily chart and trades below the high from October 1 at 110.08. The pair is testing an option level at 110.00 and so far holding the line.
Even the GBPUSD is off the lows and trying to rebound. The low price today could not make it to the next target at the 1.4106 area. Above the low from Friday at 1.4170 was a ceiling on the correction higher off the low today. Needless to say, if the pair is going higher, that is the next target that needs to be broken.
