A little selling, a little buying. Dollar sellers taking back control though
The EURUSD took a NY session lap - rising, then falling, then rising back toward the session highs. In the process, the pair is making a mess of the trend line on the 4-hour chart which should have been a little more responsive (in a break away kind of way). It is that Friday feeling....
The GBPUSD stalled the trend-like move in the pair, but at the lows it did test and hold the trend line - keeping the buyers satisfied.
The USDJPY is keeping the sellers in control. The correction off the low held below the 100 day MA and also corrected to the 38.2% of the move lower. Moving below the 119.00 level now.
