Dollar keeps steadier so far on the day ...Middle East

So, where does that leave us now?

EUR/USD is in an interesting spot though with the pair nudging back just under 1.0400 on the day. Near-term price action is now more neutral, resting in between its 100 (red line) and 200-hour (blue line) moving averages.

Meanwhile, USD/JPY is also at a very crucial point on the charts with the pair contesting its key daily moving averages:

That's a major one to watch as a break below could lead towards a push to 150.00 next for the pair.

This article was written by Justin Low at www.forexlive.com.

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