EURUSD moves back above the July 2022 trading low and turns positive on the day.

After trading to a new session low in the US session, but only by a few pips, the price of the EURUSD EUR/USD The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars. Why the EUR/USD is the Most Popular Trading PairCompared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, be The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars. Why the EUR/USD is the Most Popular Trading PairCompared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, be Read this Term has pushed back to the upside and has just broken above the swing low from July 2022 and 0.99515. There has been some stops triggered and the current price trades up to 0.9978.

There doesn't seem to be any news to warrant the gains. The London fixiing is approaching which may be providing the bid.

The 10 year yield is at 3.117% up 6.7 basis points and near highs. That is not a help for the USD selling.

The NASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term index is up 49 points or 0.40%, but off the high price of 12447.95. The price is at 12431.

The price of the EURUSD is now positive on the day. HMMMM.

Above is the parity level at 1.0000. Near that natural level, sits the falling 100 hour moving average currently at 1.0003. The price last tested that moving average last week, and found willing sellers. The price has not traded above the 100 hour moving average since August 11. Lean area.

The GBPUSD is also moving higher and looks toward its 100 hour MA at 1.18301. The price is currently trading at 1.1821. The GBPUSD has only traded 1 hourly bar above its 100 hour MA since August 12. A move above would tilt the bias more to the upside. Stay below (or fail on a break) would keep the sellers in firm control.