Dollar reverses its course

Technical Analysis

Author: Greg Michalowski | dollar

Seeing some dollar buying all of the sudden

The dollar has reversed back higher in the last 30 minutes of trading.  

Seeing some dollar buying all of the sudden

The EURUSD is back down testing the trend line on the 5 minute chart. The 100 bar MA on the same chart has been broken, but the trend line continues to hold the support. 

GBPUSD

The GBPUSD has moved down to test its 100 bar MA on the 5 minute at 1.30904 but is finding some support as well. It will take a move below to swing more of the bias back to the downside.

There is no news I can see that has led to the quick rise in the greenback. 
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