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EURUSD trades to new session highs. Dollar selling continues


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Dollar falling.

The USD is falling with the greenback trading at lows for the session vs. the,

  • EUR
  • GBP
  • JPY
  • CHF
  • CAD

The EURUSD has must moved above the 200 and 100 hour MA and now the 50% retracement between the 1.1359 to 1.1374 level.  The price also moved above trend lines along the way. 
Price action remains choppy in the pair, but the buyers are dominant again wiith the MAs the most recent barometer for the pair. 

For the GBPUSD, the pair is also trading to new session highs and tested the 50% and the 100 hour MA at the 1.26508 to 1.2657 area. The low from December 4 is also in that area.  Key target level.

The USDCHF reversed the earlier upside run higher and trades at new session lows. The 100 hour MA at 0.99115 is a support target now.

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