It is Friday…..and we’re seeing up and down Friday flows.
The EURUSD ran larger after basing on the 200 hour MA, breaking above the 100 hour MA after which the 100 day MA (at 1.13865). The run larger moved as much as 1.1408 and rotated again down.
The final hour or so has seen the worth take again the break of the 100 day MA and transfer again towards the NY session lows close to the 100 hour MA at 1.13739. The low simply reached 1.13748.
In the meantime, over within the GBPUSD, it too ran larger. Its catalyst was restricted promoting when the pair moved beneath the 100 hour MA within the London/early NY session (100 hour MA at 1.32265 curently). Its run larger went as much as 1.3285, earlier than shifting again decrease and beneath the 100 hour MA. The pair simply traded to a brand new session low at 1.32117. The 38.2% of the transfer up from the Feb 22 low is available in at 1.3203. That’s the subsequent goal.