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Forex: EUR/USD extends losses on USD strength

FXstreet.com (Córdoba) - The EUR/USD continues to be dragged lower by an impressively strong USD, with the shared currency having recently printed a 2-week low.

EUR/USD slid below the 200 SMA in 4 hour charts and hit a low of 1.3010 before bouncing slightly. The pair is currently trading around 1.3020, posts a 1.0% loss on the day.

Below 1.3000, next support level could be faced at 1.2975 (200-hour SMA). The 1.3110/15 zone should hold bounces for now, followed by 1.3175 (daily high).

Forex: USD/CAD jumps to 1.0090

The Dollar is currently trading higher across the board and against its Canadian counterpart, the Greenback is now 0.60% positive on the day. The USD/CAD has jumped around 70 pips in the latest few minutes from 1.0020 to break above the 1.0070 area and to test fresh intra-day high at 1.0090.
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After rallies more than 150 pips on the last two hours from 154.00, the Sterling has broken above the 155.50 area to reach fresh highest level since August 2009 against the Japanese yen at 155.80.

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