Is it good or bad or is it just a continuation from yesterday.
The Employment situation remains ambiguous with Unemployment Rate moving lower, jobs better with revisions but still sluggish.
The EURUSD since the 8:30 release has traded at a low of 1.2998 (4 minutes after the release) and at a high of 1.3044 (where it currently is trading near). The move higher has taken the price above the 1.3030 level (61.8% of the move down from the September high) . Since breaking above that barrier, the low print has been 1.3031. So traders seem to be leaning against the level. The next target above becomes the 1.3047 then 1.3074 and 1.3087. Stay above the 1.3030 and short should remain nervous. If traders are nervous and off sides, the price can continue to run. The buyers remain in control and if it is real big boy buying, they can exert pain.
