EURUSD bounces back higher. So much for the trend line break

Technical Analysis

Author: Greg Michalowski | eurusd

Its Friday....

Blame it on Friday. Blame it on the weaker data out of the US so far (shrug)

Its Friday....

The EURUSD cracked below a trend line on the hourly that should have swung bias a lower for the day. However, the 1.1300 level stalled the fall (low ticked to 1.12994) and the price started to move back higher. The high for the day comes in at 1.1328. The price just reached 1.13252 (the 61.8% is at 1.13256).  

What to do now? (shrug...grrrrr)... but the early sellers are not pleased....

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