Strong jobs but wages stink.
The dollar moved higher off the headline jobs gains with the EURUSD heading right to the 100 day MA at the 1.09289 initially.. There has been a quick rebound but now back down and making new lows as I type. Strong jobs at 242. Positive revisions of 30K, Unemployment at 4.9% but wages stink.
Trader will ultimately like to see the pair stay below the 100 day MA level on corrections. The next targets to get and stay below include 1.0907 and then the 100 hour MA at 1.0887. Look for sellers near the 100 day MA but volatile and choppy conditions remain.
