Last 3 hours consoldates the EURUSD gains
The last 3 hours of trading in the EURUSD has seen the pair consolidate with the 200 hour MA (and 50% of the week’s range) as the ceiling at 1.11958-993, and the 200 hour MA (and 38.2% of the week’s range) as the floor at 1.1182-84.
The pair has moved higher in the NY session, erasing the declines seen in the Asian and London morning session. Buyers have been in control since the lows reached soon after the jobs report. They remain in control above the 200 hour MA.