As London exits for the weekend, the EURUSD rallies back higher toward resistance
The dollar has started to sell off in the last hour or so as London and Europe exit for the weekend.

The EURUSD has risen back up toward the 100 hour MA at the 1.4273 level. This is off the low for the day down at the 1.4191 level – just above the key 1.4183 price (midpoint of the move down from the July 2008 high to the October 2008 low). I would expect that in this up down type market, this level should find the sellers against the level.
Going forward I would expect the market action to slow down as NY traders exit early for the Labor Day Holiday Weekend. Be aware.




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