Forex Trading: Watch the 1.4337 level in the EURUSD

1.4347 was the 38.2% retracement level of the move higher from November 2005 to the high in July 2008.  Tested then broke this level yesterday...and moved sharply lower.  Markets are volatile as they digest not only the domestic but the global implications of the report.

This is the inflation spike kicking in to the unemployment rate as businesses finally cut employment to be more efficient in the face of a 2nd half slowdown.