The greenback is moving higher on the session
The dollar is seeing some decent flows across the board now as EUR/USD touches a low of 1.1579 on the session. That's the lowest trading level for the pair in just over a week. With price sitting below the 100 and 200-hour moving averages, the momentum is starting to build up for sellers once again and a downside move now looks to be on the cards.
The greenback is also bid across other major currencies as well with USD/JPY up to a high of 111.40, GBP/USD falling to 1.2843, while NZD/USD falls to a low of 0.6584 on the session. AUD/USD has also pared its gains and is now trading at 0.7214.
For EUR/USD, the next line of support comes from the 38.2 retracement level @ 1.1568 followed by swing region support around 1.1530-40 and then the 50.0 retracement level @ 1.1517. Beyond that there are bids sitting at 1.1500 alongside a decent sized expiry rolling off today.
