Dollar moves back lower as London/Europe goes home

Written July 20, 2009 at 11:36 AM EST by  

gregmike-04011

The dollar has sold back off as stocks rose and the intraday flows moved back into the risk currencies.  The GBPUSD is back up testing the 100 bar moving average at the 1.6503 level.  I would expect intraday sellers to emerge against this level.

gregmike-04012

The EURUSD is also testing the intraday 100 bar moving average at the 1.4220 level.  Watching for sellers against this level.

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