Yesterday night the Dollar Index Spot closed just below the 94 level (0.93953) and lost nearly 30 pips overnight (trading @ 93.6540 at time of writing).
Inline with that move EURUSD spiked this morning above the 1.1640/50 resistance zone and is still bid on. As mentioned earlier the break of the 1.1640 could be the first sign of a deeper correction of the recent downtrend which startet at 1.2350 (06jan21) originally. As long as EURUSD trades below its 50 ema (1.1702) I would keep longs small though. I read so much research recently about the 1.1640/50 mark that the buying pressure could be short-lived.
(daily chart)
Biggest move overnight is AUDUSD soaring 60 pips higher to 0.7470 (+0.80%). Although the RBA minutes have not been hawkish at all the positive risk tone in the Asian session fueled the rally. Next resistance is 0.7478 (high of 03sep).
(daily chart)
Good luck,
SebboFX