100 hour MA stops the rise
The EURUSD moved up and down after the headlines from the US jobs report.
Technically, the price moved up to test the 100 hour MA (blue line in the chart above). The MA was last above the line back on September 26th. Getting above it would tilt the bias more to the upside.
If that MA cannot be broken, the double bottom yesterday at 1.1462 will be eyed.
The reaction range off the number, is the range for the day. That range comes in at 47 pips. The 22 day average is up at 83 pips so there is room to extend/roam.
