The euro is right up against it now

1.0796 is the level to watch in the day ahead

There are 24 hours left of trading left in the week but that might feel a lot longer for EUR/USD longs.

There isn't much to say from a technical perspective in the pair. The only line that matters is 1.0796, which was the post-ECB retracement low.

The US dollar is an absolute monster at this point but it's had a big move since the Fed and Friday's (especially before the holidays) are a good time for a break/retracement.

The low on Thursday was 1.0803 and we're back to 1.0820 but those stops below 1.0796 look awfully enticing.

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