Looking back at the EURUSD after the release of the meeting minutes on November 19, the EURUSD had a 75 pip reaction in the 1st hour.
On October 8, the reaction in the EURUSD was 92 pips.
On August 20, it was a 33 pips.
On July 9, the reaction was 38 pips.
The reaction today in the common currency was 38 pips in the 2 PM hour so far – more in line with the summer months when traders were not interested in doing much trading at all.
EURUSD…a little more bullish.
The moves have been down and up and back down and back up again. The price high did take out the NY session high at the 1.1844 level, by a pip, but stayed below the 200 bar MA on the 5 minute chart and the 50% retracement.at 1.1848. The price is above the 100 bar MA. So I guess I would give a little nod to the buyers. The 1.1876 level still looms above as a level that the price should stay below if the break below is loved.
Stock are still liking it with the Dow up 190 and the Nasdaq up 52 and the S&P up 22 and moving further away from the 100 day MA (at 2004.35).
