EURUSD down about 20 pips
The US dollar is moving marginally higher after a decent employment report. NFP was a touch weaker than est at 161k vs 173K but the prior months were revised higher by 44K.
For the EURUSD, the price has moved down to test the 200 bar MA on the 4-hour chart at the 1.1078 level (the price was at 1.1104 right before the release). The price is back near the middle of the range.
For the USDJPY, the price did not exit out of the day's trading range for the day. The price moved up to 103.28 from 102.98. THe move took the price above the 200 bar MA on the 4-hour chart at 103.03. That is also where the 200 bar MA on the 4-hour chart is found. The low bar after the report held the 100 bar MA on the 5-minute chart at 103.076. It seems that traders are trying to defend the 103.00 level. Stay above and the hope is for more gains, but lets face it, the upside momentum faded quickly too.
