Intraday MAs tested too.

The EURUSD moved lower and higher and back lower off the employment report.

The low (reached around 10:30 AM ET/1430 GMT) stalled 3 pips away from the 200 hour MA at 1.1376. This MA and the 100 hour MA at 1.1368 represented key support to get to and through for the sellers. The low price reached 1.1379. The sellers started to cover (see earlier post)

The correction off the low has seen the price correct 50% of the day's trading range to 1.1410. This is the level that you don't want to see the price getting back above....technically (see earlier post). A move above muddies the bearish waters more for the pair. A move above and the close from yesterday at 1.1423 becomes the next target.