The US Dollar Index (DXY) cleared the psychological 80 level on the third attempt in as many days. The key 61.8% retracement was reached before consolidation took hold. The 200-day moving average is now targeted while price-action remains supported by last week's swing high of 79.461. Meanwhile, the Powershares Bullish US Dollar Index ETF (UUP) has cleared 23 resistance to bring the 24 level into focus.
The EUR/USD failed to reclaim the 1.3446 former support region, leading to a probe below 5-month trendline support. While the 20-day moving average continues to cap, a move is favored towards the 50% retracement and 200-day moving average just below the 1.31 handle.
