The USD is getting no relief in early European trading as it drops further on the day with GBPUSD touching fresh high above 1.2720. Price is currently holding a firm break over the 1.2700 handle and is hoping to keep above resistance at 1.2707.
Buyers will be trying to retest of the 1.2740 where offers are arranged alongside swing region resistance around 1.2740-50.
It’s been harsh session for the USD and it doesn’t look like things are facilitating up at any point in the near future. Markets will focus on Fed and BoE.