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Little change among major currencies for the most part
Besides the euro, other dollar pairs are sitting within 10 pips change of one another to start the session – exemplifying a more tepid mood currently.
After a retreat in the past two days, the greenback is keeping steadier as the gains from the past week are still largely intact. A look at EUR/USD:
The pair is down by roughly 30 pips on the day now to 1.1340 as sellers look to exert more control, with price creeping back below the 100-hour moving average @ 1.1357.
That keeps sellers in near-term control but key support as seen above from the 1.1300 level as well as the 61.8 retracement level @ 1.1290 are limiting any further downside pressure.
As such, that will be a key region to watch in case sellers look to make a play before the weekend comes along.
Elsewhere, USD/JPY is keeping a little higher around 114.30-35 as buyers look to hold their ground above the 114.00 handle in search of the next upside leg.
But I’d argue that may only come if we do see a firm break above the 115.00 handle.