EUR/USD breaks to the topside as the dollar weakens

Author: Justin Low | Category: News

Slight dollar weakness sees EUR/USD break above the 100-hour MA

The dollar is softening across the board as sellers are returning to the fray. The moves are mainly on the euro, sterling and swissie. Ranges are not exactly massive, but they are decent moves.

The jump in EUR/USD sees it finally break above the 100-hour MA, a level I've been highlighting since last week. This opens up a move back to the topside near 1.2400 once again.

USD/JPY is still holding out at 107.20 levels, but the latest round of dollar weakness also sees commodity currencies pick up some gains against the greenback too.

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