The dollar continues to push higher in European morning trade
The greenback is posting fresh highs across multiple currency pairs as we see cable now take aim towards 1.3200 upon a break of the 1.3300 level earlier in the session.
It has been a torrid day for the pound as it is down by ~300 pips against the dollar amid the double whammy of negative virus news from the UK and Brexit talks still unresolved.
The 1.3200 handle is a key one to watch in the sessions ahead but upon a break there is little left before getting to the 11 December low of 1.3135 and then the 100-day moving average @ 1.3118 as well as the trendline support from July @ 1.3107.
Elsewhere, the dollar is also gaining to session highs against the aussie, kiwi, loonie and yen with AUD/USD nearing a test of 0.7500 while USD/CAD nears 1.2900.
USD/JPY has also managed to push above its 100-hour moving average and is now trading in between that and its 200-hour moving average of 103.44 and 103.78 respectively.
