On the economic data, the U.S. Labor Department reported that the economy added 638,000 nonfarm payrolls in October (+580,000 expected, +672,000 in September) and the jobless rate dropped to 6.9% (7.6% expected).
On a technical point of view, the index retreated after rebounding to the 50% retracement on a daily chart. After that the prices broke below the rising trend line drawn from September, indicating that corrective rebound is possibly over. Currently, the prices are trading below both 20-day and 50-day moving averages.
Bearish readers could set the resistance level at 94.15, while support levels would be located at 91.75 and 89.45.
Source: GAIN Capital, TradingView