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The major pairs are pushing higher against the dollar, backed by positive oil, gold, and equity trade. Most have moved up to their trade plan Entry points ahead of the German Dax futures market open, and traders will want to see the 60 minute reaction to the 02:00 EDT futures open to gauge the strength of the market moves to sell the dollar.

The pivot point resistance areas are nearby, and will very likely create a pull-back to the initial moves, TheLFB Trade Team said. We will be looking for the reaction and signal from the onr major with the best potential to follow through as soon as we see the reversal that is very like to come before the dollar makes another leg lower, they said.