Dollar mixed as EURUSD tests 100-hour MA, USDJPY struggles near key level

The US dollar is trading mixed with a modest downward bias as the last trading day of the week gets underway. The EURUSD has pushed above its falling 100-hour moving average at 1.1398, reaching as high as 1.1412, signaling potential buying interest. However, the pair must hold above this level to challenge the 200-hour MA at 1.14525. Meanwhile, the USDJPY is struggling near its 100-hour MA at 161.66, currently trading just below at 161.63, reflecting indecision among traders. The price has oscillated around this key technical level, showing reluctance to commit to a directional move. Sellers are hoping for a correction toward the 200-hour MA at 161.24 or even the psychological 160.00 level, which has been a significant support area.

For currency traders, these technical levels are critical as they often act as triggers for momentum shifts. The EURUSD's ability to sustain above the 100-hour MA could attract further buying, potentially targeting the 200-hour MA, while a failure would keep the pair under pressure. In USDJPY, a break below the 100-hour MA might accelerate selling toward the 200-hour MA, but repeated tests suggest strong support. The mixed dollar action reflects ongoing uncertainty about the Federal Reserve's policy path and global growth prospects. For real-time pricing on these pairs, traders can check NowPrice's FX page for the latest quotes.

Looking ahead, traders will monitor upcoming US economic data, including durable goods orders and personal consumption expenditures (PCE) inflation figures, which could influence the dollar's direction. Technical levels remain in focus: EURUSD needs to clear the 200-hour MA to extend gains, while USDJPY must decisively break the 100-hour MA to confirm a bearish bias. The lack of clear direction suggests range-bound trading may persist until fresh catalysts emerge.