EUR/USD trades under the very stubborn triple-bottom at 1.0630. The pair made an initial sniff around the level ahead of the US Non-Farm Payrolls, bounced higher away from the stubborn line on the initial reaction, and is now falling down.
What is going on? Markets initially reacted to the very disappointing jobs gain of 98K. EUR/USD jumped to 1.0666. This devilish number did not hold. After a setback to the 1.0630 level, markets focused on the various silver linings. See: NFP Analysis: The Good, the Bad and the Ugly
And this is behind the fall. Is this break for real? We are still awaiting confirmation:
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