Dollar index turns flat. Erases early gains.

Technical Analysis

Author: Greg Michalowski | dollar-index

Falls to 93.822

The dollar is moving lower and has erased the early gains.  

The USDJPY is trading down to the 100 bar MA on the 4-hour chart at 110.47. 


The EURUSD is moving higher and is back to unchanged at 1.1733. The 38.2% of the move down comes in at 1.17437. The 100 and 200 hour MA at 1.1765-68 area a better target above on further dollar weakness.


The GBPUSD has moved back above the 100 day MA at 1.28599 level.