4/2/2012 Monthly Retail Sales (1530 HI time / 2130 EDT)
Previous Revision: n/a
Started @ 1.0340
1st Peak @ 1.0348 – 1531 (1 min)
Reversal to 1.0335 – 1542 (12 min)
Notes: Report matched the forecast, with no previous report revision. This caused a small spike followed by a small, but larger reversal. With JOBB, you would have gotten in long at 1.0345 with no slippage as it rose slowly. Since it crossed the 100 SMA and peaked at the 50 SMA then hovered, this is a good place to exit with 2-3 ticks of profit. The reversal briefly dropped below the 200 SMA before retreating long.