The USD moved higher after jobs, but is backing up a little ...Middle East

EURUSD: The EURUSD moved to a low of 1.1303 which briefly traded below lows from last week at 1.13072. However, the price is trading back higher and trades at 1.1330 currently. The high today stallled at the 100 hour moving average near 1.13516 currently . Support 1.1307. Resistance 1.13516 now

GBPUSD: The GBPUSD initially moved lower, but found buyers near the low from yesterday and the low for the week at 1.32594. The low price reached 1.3260. The next target on the top side comes in at 1.32922 followed by the high for the day near 1.3320 and the 200 hour moving average of 1.3330.

Looking at US stocks in premarket trading:

Dow industrial average up 438 pointsS&P index up 64.61 pointsNASDAQ up 214 points

In the US debt market yields are higher:

2 year yield 3.770%, +6.9 basis points5 year yield 3.880%, +6.7 basis points10 year yield 4.283%, +5.2 basis points30 year yield 4.779%, +4.4 basis points This article was written by Greg Michalowski at www.forexlive.com.

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