The greenback continues to surge ahead
EUR/USD falls to a low of 1.2191 on the day currently, with cable also slipping further to a low of 1.3935. It's a broad bid across the board for the greenback at the moment with yields surpassing the 3% level providing fresh impetus after the pause yesterday.
The decline in EUR/USD sees it fall below the 100-day MA (red line) and the 8 February low of 1.2212. The next key level to look out for towards the downside is the 18 January low @ 1.2165 and more importantly the 1.2155 level - which is the year's low.
