The US Dollar was higher against the Euro on Thursday after data showed the US economy maintained a strong pace of growth, however, the tables were soon turned resulting in a rally in EUR/USD to test the neckline of an M-formaiton on the hourly and 4-houir charts as the following illustrates. {chart} A test of stops above 1.0950 could be on the cards for the day ahead as we move into another key event on the US calendar. This could be a move to go high before coming down so the London session will be key. In Asia, we are putting in a potential low that if London takes it out before the US opens, there will be ... (full story)