EURUSD was back to converts 100/200 hour moving averages
The EURUSD was a trading near the converts 100/200 hour moving averages before the US jobs report. The data push the price down to support near the 50% retracement at 1.09632 (and a swing area we would between 1.0961 and 1.09653). The fall stalled. The price it started to move back to the upside.
The price is now returned back to the 100/200 hour moving averages near 1.10174. What do buyers and sellers do now?
The levels is both risk and bias defining. It is the short-term barometer. Move above is more bullish. Stay below is more bearish.
US yields are holding onto gains and trading near highs for the day
- 2 year yield is at 3.918% +19.1 basis points
- 5 year yield 3.420% +14.5 basis points
- 10 year yield 3.446% +9.4 basis points
- 30 year yield 3.773% +5.1 basis points
in the US stock market, major indices or higher led by the NASDAQ index:
- Dow Industrial Average is trading up 438 points or 1.32% at 33565.20
- S&P index is up 59.24 points or 1.45% at 4120.05
- NASDAQ index is up 203 points or 1.70% at 12168.63
This article was originally published by Forexlive.com. Read the original article here.