The US Dollar Is Mixed As Stocks Move Higher

The dollar has been mixed today.  The EURUSD and USDCHF are dollar negative, while the GBPUSD and USDJPY are a little dollar positive today.  Japan had a holiday last night.  The US and Canada are off today for Columbus Day and Thanksgiving respectively.   The US stock markets are open, however.  So activity can be more than usual for a holiday.

The EURUSD  closed last week at the 1.4708. The low today moved to test last Fridays low - reaching a level of 1.4676.  The high is being probed now with the price reaching 1.4774. The 100 hour MA comes in at the 1.4728.   Look for support against this level and just below at 1.4719.  The topside targets the 1.4817 level which is the high from last week.

Look for some support at the 1.4737-42 level this morning. This is the earlier high for the day and the current 38.2% retracement level.

Subscribe by RSS Subscribe by Email