Friday fixing approaching
It is Friday – and moving toward the Friday London fixing (i.e. potential for fixing flows) – but the EURUSD is testing that key MA level at the 1.0794 level. The price just printed 1.0797 and backed off a bit. Yesterday, the price moved above that line and stayed above for 9 hours, before heading back lower. Earlier this week, there were little peeks above the MA line but no momentum.