EURUSD whips around after weaker US employment report 

EURUSD moves to 100 hour MA and reverses

The EURUSD has moved higher on the back of the weaker than expected US employment report. NFP rose 160K vs 200K with the prior month revisions subtracting -19K. The hourly wages was as expected. The Unemployment rate remained at 5.0% vs 4.9%

Technically, the EURUSD pushed up to 1.1476 in the initial gap move higher. The 1.1465 remains a key level for me. Also above is the 100 hour MA at the 1.1481 level. Remembering from yesterday, the trade of the day was on a break below of the 100 hour MA. The market seems to be remembering that level.

The price is currently trading between the 1.1435-65 level (see prior post). Watch to see if that low extreme holds. If not the downside should be further explored.