And the dollar heads lower

EURUSD sprints higher.

The EURUSD has sprinted higher breaking to new session highs. The next target comes in against the January 4 high at the 1.09438 level. Above that the 1.0991 is the swing high from Dec 24. The 100 and 200 day MA are basically at the same level at 1.1040.

The USDJPY is extending down toward the lows for the day at the 117.32 level. Currently trading at 117.48.

The GBPUSD is trading at NY session highs at 1.4615. The 38.2% of the move down in 2016 comes in at 1.4640 this is also near the high for the trading day today. The 100 hour MA comes in at 1.4674 which is also near the 50% of the years range.