(UPDATE) - DXY recently bounced from the supply zone around 112.800. This caused the market to break below the ascending structure as well as the support zone around 111.600. The move to the downside is very aggressive (impulse wave) which indicates momentum. According to this price action, traders are waiting for a correction to confirm a continuation to the downside for more USD weakness.
(UPDATE) - EURUSD recently pushed to the upside at the back of the NFP data. 261k new jobs were created in the last 30 days and the unemployment rate rose to 3.7% from 3.5%. Even though the NFP data looked good, the unemployment rate was not, and this was one of the reasons USD lost strength against the EUR. From the technical point of view, the market is trading above the previous resistance zones. A correction will indicate a continuation to the upside.