Drats….
The dollar moved higher on the better data, and the corrections did not hold. The waters are muddy technically. Drats…..
EURUSD.
If the sellers loved it, they would have kept a lid on the correction. I liked staying below 1.0542. That was not meant to be. The price moved back above the 1.0542 a second time and the shorts covered. We are still down on the day and if sellers want to sell the 200 bar MA (green line) might be level to sell against. THe 1.0542 needs to be broken.