Back higher
The EURUSD is back higher after failing again to keep the fire burning below the 100 day MA at the 1.1111 level. The 5 minute chart shows the action. It is Friday. London is going away and there may have been some squaring.. It is the flows today and the flows kicked in with buyers from what I can see. It is just one of those things.
Can it go back down from here? Sure. It is Friday. It is a 3 day weekend in the US. Flows are still dominant. I am just reporting the news....
