USD moves lower after data dump but there are some limits | Forexlive
The USD moved lower after the data that showed inflation was under control – for now. The trade data saw a big improvement. The personal income data was solid.
Not so hot is Pres. Trump tweeted that China violated the trade agreement:
Stocks are lower. Yields are near unchanged.
The USD moved lower initially, but is moving modestly higher after the initial move.
EURUSD: The EURSUD moved above the 100-hour MA at 1.13342. The high reached 1.1357. The 1.1362 and 1.13803 are tatgets. THe high today reached 1.1389.
EURUSD technicals
USDJPY: The USDJPY moved away from the 100 and 200-hour MA between 144.98 and 143.85. That area will now be resistance on a rebound.
GBPUSD: The GBPUSD moved higher and away from the 200-hour MA at 1.3475, but stalled at the higher 100-hour MA at 1.3501. Earlier today, the high stalled at the 100 hour MA increases the levels importance going forward.
USDCHF: The USDCHF has solid resistance against the 100/200 hour MA and the 50% of the range since April. That area comes between 0.8252 to 0.8257. ON the downside, a swing araa floor comes between 0.8193 to 0.8212. Getting below is more bearish.
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