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It looks like a Friday. It smells like a Friday. It is Friday.

Discussion in 'Technical Analysis' started by ForexLive, Feb 12, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Holiday on Monday We are a nearly 3 hours into the NA trading session and we are getting those Friday vibes. The EURUSD fell on the stronger retail sales but held support near the trend line support at 1.1229.. There was another push that took out the lows on headlines of an ECB cut and that was quickly reversed. Michigan consumer sentiment came out weaker but the 100 bar MA held resistance on the 3rd consecutive test. The price is now rotated back to the low 1.1240s

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