EUR/USD shoots up towards 1.2000 as the dollar sells off against the major bloc
The pair touched 1.2000 for a bit but is now a little lower after finding some sellers lurking in the region.
Looking at the hourly chart, there's the 100-hour MA (1.2000), 200-hour MA (1.2005), and the 1.2000 figure/psychological level sitting there - and that's an area buyers would need to get above to regain control of the pair.
Look out for a tug of war battle around this area for EUR/USD during the US trading session. Meanwhile, there's talks in the market that we are seeing strong bids in USD/JPY at the 111.30 level - the lows for today.
