Moves back higher after some breaks lead to moves
Whether the break of the dollar to new session lows had anything to do with Romney comments, the fireworks are over and the greenback has pushed back higher....Remember we have the US employment report tomorrow. That is a wild card can cause volatility from illiquiidty and position squaring. We just saw it.
EURUSD.
The EURUSD raced above the 200 day MA at 1.0934. IT moved above the 200 hour MA at 1.0952 and the highs for the week at the 1.0963 area. The price is back down testing the 100 day MA from where it all started.
GBPUSD.
The GBPUSD moved above the 38.2% of the move down from the Feb high at the 1.41527. The price moved to a high of 1.4189. Looking at the 4-hour chart the 100 bar MA on that chart comes in at 1.4192. The price is back below the 38.2% where it all began.
USDJPY
The USDJPY fell below the 100 hour MA at 113.499 (that happened at the same time). The price moved to a low of 113.28 before rebounding back above the 100 hour MA again. . The current hourly bar sits above the level.
