Dollar moving a bit higher...

Technical Analysis

Author: Greg Michalowski | eurusd

EURUSD moves to lowest level since November 22nd.  USDJPY trades at highest level since Novmber 16th

The dollar is moving a little bit higher.
  • The EURUSD is trading at session lows and trades at the lowest level since November 22nd. The low has reached  at 1.17655
  • The USDJPY is ignoring the much better GDP and is following the USD lead to a new session high (and highest level since November 16th). It trades at the 61,8% of the move down from the November high at 113.24. There is additional resistance at 113.32
  • The USDCHF has moved above the 0.99456 area. That was a swing high level on November 16 and again on November 21st. The high yesterday stalled near that level too (see chart below)