A review
The US dollar is continuing to move higher. Below is a quick review
EURUSD:
The EURUSD has moved to test the lower trend line target at the 1.2263 level (the low has gotten to 1.2259). The next target comes in at 1.2226 (50% of the year trading range). See recent post on the EURUSD.
USDJPY
The USDJPY is moving above the 100 hour MA at 109.539 and looks to complete the "lap" from trading today at the 109.707 high. The price just printed 109.673. See earlier post on the USDJPY.
GBPUSD
The fell to a new low at 1.38546 and still targets teh 1.3834 low from earlier this week and the lows/highs going back to mid January. The 50% of the move up from the mid-December low is at 1.38217. See post on GBPUSD
USDCHF.
The USDCHF traded above the 100 bar MA on the 4-hour chart at 0.94477 and the 50% of the move down from the Jan 22 high at 0.9444. The high reached -0.94538 but is back below the levels. The market is still having some problems against the levels it seems. See recent post on the USDCHF.
