EUR/USD rose on the Non Farm Payrolls release. Why. Certain points must be fulfilled. Then it dropped to 1.0858. What is 1.0858? a trend line, former low, Liquidity area, Oh wait a Supply and Demand Zone. maybe a Fibonacci number, a natural Logarithm number.
What I believe is the central banks pulled another slick one on traders. My speculation is they knew the exact NFP number long before the release.
The next range bottom is located at 1.0706. The top to break to go higher is 1.0885. Then comes next 1.0913, 1.0915, 1.0923, 1.0930, 1.0934, 1.0939 and 1.0941. Most important is 1.0913 – 1.0941. Those are shortest term range points if price breaks 1.0913. Prices should remain below 1.0941 for the next few hours.
Brian Twomey, Inside the Currency Market, btwomey.com