Trades above and below the 200 bar MA on the 4-hour chart
The EURUSD moved above the 200 bar MA on the 4-hour chart at 1.0637. That opened the door for a move to the 100 day MA at 1.06618 next. The high got up to 1.06514 - in between the levels. The price has moved back lower and trades below that 200 bar MA (at 1.06366).
The run up from the employment low has the 50% at the 1.0622. I use that as a proxy for bullish and bearish winners and losers off quick moves. We are approaching that level now.
PS stocks are open and they like the jobs report so far. The S&P is up 10.5 points or 0.44%. The Nasdaq is up 26 points or 0.44% (too). The Dow is up 72 points or 0.37%.
10 year yield is down to 2.578%. 2 year is down 1.3 bp to 1.359%. The 30 year is down 1.8 bps to 3.17%.
