EURUSD trades above and below the 200 day MA

Trading is choppy around the key MA level

The EURUSD chops around the 200 day MA. The price moved to the 1.2025 level. That was above the 200 day MA at 1.2010. The price just moved back below that MA, but stalled ahead of the 200 bar MA on the 5-minute at 1.29937, the 50% of the move higher at 1.1986 and the 100 bar MA at 1.19826. There is a floor area between those levels at 1.1986-89.  

Traders are trading. The close will be eyed. Closing above the 200 day MA should tilt toward more corrective buying.  

We have to remember, however, that the FOMC is one data point. The employment report will be the 2nd major point tomorrow. 

So put your trading shoes on. The road can be more choppy now that the selling has seen some stall on the statement.