The dollars moves in NY on the back of the stock markets rally from lows on the opening brought the major currency pairs back to the midpoint of the weeks trades. The levels seems to have slowed the momentum of the corrective moves this morning and may have set tops/bottoms in the respective pairs.
The EURUSD tested the 50% Retracement level at the 1.4986 level. Support comes in at hte 1.4949 level now where 200 hour MA (green line ) and 38.2% retracement is found.
The GBPUSD tested the 50% retracement level at the 1.6507 level. Support comes in at 1.6451 now.
The USDJPY tested the 50% retracement at the 86.98 level. Support comes in at 86.47 now for the pair.
The USDCHF tested the 50% retracement at the 1.0057 level. Resistance comes in at 1.0074/76 and 1.0090 now.
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