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USD continues its fall as European traders exit for the day

The US dollar is continuing to fall with the greenback reaching new lows versus nearly all the major currencies (the CHF is the exception). EURUSD: The EURUSD is extending above the high from last week at 1.07779. Risk is now the swing area between 1.0747 and 1.0759. The next target comes against the 38.2% retracement of the move down from the April 26 high along with the 100 day moving average. Both are near 1.0810 (see video from earlier HERE).GBPUSD: The GBPUSD has now extended above the 61.8... Read More

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Continues

Fall

European

Traders

Exit

Forex

Posted: Jun 8 2023, 16:06

Author Name: forexlive

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