The greenback is gaining some traction across the board
The moves are still relatively minor but EUR/USD has now fallen to a low of 1.1570 on the day. At the same time, GBP/USD is also down to a low of 1.2842 on the day with USD/CAD up to a high of 1.3192. Meanwhile, the aussie has also pared all of its earlier gains from the GDP beat against the dollar and AUD/USD is now down to 0.7175.
The move is very much identical to what we saw in European trading yesterday so let's see if we'll get any further follow through to come later on.
As for EUR/USD, the pair looks to be moving below the 200-bar MA on the 4-hourly chart now:
There is support from the 38.2 retracement level @ 1.1568 followed by the 100-bar MA (red line) @ 1.1550. Below that there is the swing region support from the 23 August low @ 1.1531.
