...and the EURUSD runs higher too. Trades back to the hour MA levels

Rises to between the 100 and 200 hour MA

The EURUSD has run higher too after the Pres.Trump comments. It is not surprising that Pres. Trump wants everything. That includes lower rates and the dollar.

Of course the markets do trade freely and if the Fed slashed rates, it is unlikely the dollar would tumble too.

Nevertheless, the run higher in the EURUSD has taken the price up to the 100 and 200 hour MAs at 1.1667 and 1.16856 respectively. The 50% of the July range is between those two levels at 1.1682. The high just reached 1.16774.

Right now, the sellers have come in against the area, as traders lean against the level.