MAs taken out

EURUSD.

The EURUSD tested and bounced modestly against the 100 hour MA. It just broke below it at 1.08204. The 200 hour MA is at 1.0793 and the next downside target. The 38.2% of the move up from the March 14 low comes in at 1.07886 and is also a target below. PS The EURUSD which had a 27 pip trading range up until 11 AM ET, is up to 74 pips. That is the 22 day average trading range (about a month of trading).

USDJPY

The USDJPY tested then broke above its 100 hour MA at 110.85 level. It is the first break above since March 14th . The 38.2% of the move down from the March 21 high comes in at 111.15. The 50% is 111.478 which is near the highs from Friday. The 200 hour MA comes in at 111.697. The price has not been above the 200 hour MA since March 15th.

GBPUSD

The GBPUSD had already moved below its 100 hour MA earlier this morning at 1.25179. Then 1.2500 was broken and now the 200 hour MA has been broken at 1.2458. The 38.2% of the move up from the March 14th low comes in at 1.24215 and the 100 day MA at 1.2410. Those levels are the next technical targets.

USDCHF

The USDCHF broke above its 100 hour MA at 0.9894 and is now testing its 200 hour MA at 0.9927. The price has not traded above its 200 hour MA since March 10th. Breaking above that MA now

The dollar is on a roll after a slow start in the NY session despite better data..

In other markets:

  • S&P up 0.88% now. Nasdaq up +0.76%
  • 10 year yield 2.412%. That is above its 100 hour MA at 2.39%
  • Gold is now down $5 on the dollar strength too.