The tepid NFP report (zero jobs), has the EURUSD confused as to directional bias. The weaker number sent the pair lower initially on the weak is bad for everyone and especially EURO, but are now seeing a move back to the the highs on lower dollar across the board thought. The price has moved to the high for the day at the 1.4287 level and backed off. On the downside, the initial fall fell to the underside of the channel trendline at the 1.4234 level (low reached 1.4328) and rebounded. These are the extremes to eye now. The midpoint of the low to high range post the report comes in at 1.4256. The 100 bar MA on the 5 minute chart comes in at the 1.4247. This is support now.
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