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.
