The only thing worse than being a US dollar bull today is being a US dollar bull who’s a fan of Brazil.
There was talk of short covering in EUR/AUD to kick off the latest move but it’s turned into a broader US dollar sell off.
euro
The high so far is 1.3643 as EUR/USD battles through offers that extend up to 1.3645.
More sellers at the convergence of the 55-dma and 200-dma. I’m going to have a bit more on that crossover later, there hasn’t been a good death cross in EUR/USD in a long time.
