Not running but new lows for the day
The EURUSD has eked out a new session lows by about a pip. Fed speakers continue to remind the market that not 1, not 2 bu 3 Fed hikes are likely in 2017 and that helps the greenback in late Friday trading.
Now the market is not running....so this may be it.....but the move back to the lows is more bearish (and below the 200 bar on the 4-hour chart at 1.0554.
PS. The GBPUSD is breaking below its 200 hour MA at 1.2287. So support is not holding there. The low from yesterday at 1.22697 is being approached.
PSS the USDJPY is also above the MA cluster defined by the 100 hour MA, the 200 hour and the 100 bar MA on the 4 hour chart. I thought the area would stall the rally but trading conditions are light and Fed speakers are speaking.
