Dollar comes back down after brief move higher on the initial jobs report reaction

A look around the major currency pairs

EURUSD: The EURUSD moved to the lowest level since July 23 breaking below the October 12 low of 1.15237. The low price reached 1.15142 but has bounced back and currently trades at 1.1516. Looking at the daily chart, the 50% midpoint of the move up from the 2020 low to the 2021 high comes in at 1.14892. That is the next downside target.

GBPUSD:
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November 06, 2021 at 12:59AM

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