The US jobs report was stronger than expected and that led to a sharp increase in yields. The year rose 9.0 basis points and the 10-year rose 8.6 basis points.
For EURUSD, it fell to a new low since November 2022. The low price reached 1.0212. The 61.8% retracement from the 2022-2023 low is the next target coming at the natural support level at 1.0200.
Drilling down to the hourly chart, the move lower fell below the momentum area at 1.02718. That level was near the lows and highs on January 2nd, January 3rd and again on January 8th this week.
Staying below that level keeps sellers in tight control. Scroll up and look for further upside down examination of failed breaks. The high corrective price reached 1.02645. Sellers are relying on resistance for now.