Greenback slightly up to start morning European trade
The dollar climbs slightly higher on the session, with EUR / USD now approaching the 1.1200 level and GBP / USD falling to a session low of 1.2525 against around 1.2545 earlier.
In particular, the GBP / USD is now falling from its MA to 100 days (red line) @ 1.2563 as the sellers look at the technical level to retrace some losses suffered over the past week.
The 1.2500 handle will be a short-term key point to watch for in case the retracement goes further, as this would start to bring short-term key levels back into the picture.
The 100-hour moving average at 1.2480 will be the first place to watch in this regard.
Elsewhere, the dollar is also stronger against the aussie and the kiwi, with the AUD / USD now trading at 0.68886 and the NZD / USD at 0.6408.