There was quite a lot of movement for a Monday right after the open. Moves across major pairs were similar with the dollar gaining against higher yielding currencies and losing against lower yielding ones. The moves were then more or less reversed.

Euro broke above the descending trendline drawn off of mid and late December highs (~1.0935) and previous week high (~1.0945) but stalled and reversed ahead of Daily Resistance 1 (~1.1970). It has pulled back almost all the way to the big figure (1.09).

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