Stocks move to new lows. The dollar trades to new highs | Forexlive

The US stocks are trading to new lows with the:

• Dow down -550 points -1.65%
• S&P -67.0 points or -1.74%
• NASDAQ -228 points or -2.15%

While the stocks moved lower, the dollar is moving higher. There has been the pattern seen the last few days when the dollar moved lower for 3 consecutive days in the stocks moved higher for the same period.

Taking a look around the forex markets:

• EURUSD: The EURUSD is trading back below the parity level and moving farther away from its 100 day moving average 1.00366. A swing area between 0.9965 and 0.9975 is next target. Below that, the 100 hour moving average at 0.99532 is the next major target on the downside.