EURUSD, after forming a new low for the month April bounced back at 1.11100 and managed to reach the descending channel resistance but failed to reach as there was a huge volatility in the release of U.S Feb Interest rate decision which came out unchanged as expected.The early session Euro CPI for the month of April was released as 1.7% vs 1.4% expected and -0.1% vs 0.00 expected for the month of march. And also Bert Colijn, senior economist at ING, explains that for the Eurozone, inflation came out at 1.7% in April with Easter and oil effects likely to have pushed up the data, but the trend is still downwards. The pair dropped around 15-20 pips at the release of better than expected NFP which was 263K vs 185K expected and the Average hourly earnings April, was released as 0.2% vs 0.3% expected. Technically, getting above the 1.1175-77 area (see green numbered circles on the hourly chart) would then look toward the 200 and 100 hour MAs at 1.1183 to 1.11947 respectively. On the downside (to me, we can go either way), watch the 1.1150 area. The price dipped to 1.1149 after the run higher.