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USD moves lower as markets flip. Crude oil lower.
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EURUSD: The EURUSD has climbed back above its 100-hour moving average at 1.1387 and is now testing the next key technical hurdle at the 200-hour moving average (1.14065).
Holding above the 200-hour moving average would give buyers greater control in the short term.
The pullback has the pair approaching its rising 100-hour moving average at 163.604, a level that proved pivotal yesterday when buyers leaned against it and sparked a rebound.
If sellers can push the price below the 100-hour moving average, the focus shifts to yesterday's low at 163.325.
That moving average capped rallies on two separate occasions yesterday, reinforcing its importance as near-term resistance.