Dollar is a high-London/Europe look to exit for the week.




EURUSD tests Wednesday low….pit. USDJPY stands at the triple top area.The EURUSD has dropped down from Wednesday, but could not extend to the bottom for the week at 1.1593. Short of cover in Friday trade.

The USDJPY has pushed up against the triple at the top of the area to be 114.39-49. The peak 114.42. Dare we call it now a quadruple top in the 114.39-49? We’ll see what the rest of the day brings but it is a tough nut to crack. 114.15 is broken the trend line support now.

The AUDUSD fell to a low of Tuesday, and deadlock. The Friday double-dip on the schedules remain a target to be achieved and through.
The good news for sellers is the rally after the employment report did stall at the 200 hour MA/200 day MAs and the 0.7688-96 area (now). Stay below this area will send the pair in the next week, with sellers more in control. A move above, but would bring a little bit of doubt to the sellers. PS. Although to get to the top of the dualing 200 bar MAs would be more optimistic, the 38.2% of the move down from the October 13 high won the rally of this week. This is not really showing the buyers are «lovin it».



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