Open trading account 
Today after good US data--non farms and unemployment data--the EUR/USD jumped up after toiling during the European session, managing a low of a 1.0946, going up to 1.0980 within the first 5 minutes of the news. Same story yesterday with good US data not deterring the pair's quick assent to above previous highs after good Spanish unemployment numbers.
There might be something which is not yet clear behind this buying interest.
Currently it doens't seem like the French elections alone could be behind such behavior. Surely the EUR/USD had touched 1.04, which could very well be a bottom as far as "how low can it go?", but usually there's some sort of retest or smoother ride. The raise of the EUR/USD in our view was proppeled by the French elections 1st round, after opening up with a 200 pip gap, a gap which as of yet hasn't be filled. That is not exactly smooth.
The ECB press conference has also taken place. Good EU data have finally started being a more frequent occurence, nevertheless, the market's behavior hasn't always been that consistent with that. The FOMC statement was released this week. The hawkish tone influenced the pair, marking a drop and with it, the technicals pointed to at least a correction. Nevertheless, the market keeps buying the euro.
No trades today, as a lot of pairs are trading with mixed up technicals and with bullish sentiment that has some grounds for doubt. Overall, waiting for the Sunday French elections result and then might be a little bit more clear to take a trade, especially in the EUR/USD.
There might be something which is not yet clear behind this buying interest.
Currently it doens't seem like the French elections alone could be behind such behavior. Surely the EUR/USD had touched 1.04, which could very well be a bottom as far as "how low can it go?", but usually there's some sort of retest or smoother ride. The raise of the EUR/USD in our view was proppeled by the French elections 1st round, after opening up with a 200 pip gap, a gap which as of yet hasn't be filled. That is not exactly smooth.
The ECB press conference has also taken place. Good EU data have finally started being a more frequent occurence, nevertheless, the market's behavior hasn't always been that consistent with that. The FOMC statement was released this week. The hawkish tone influenced the pair, marking a drop and with it, the technicals pointed to at least a correction. Nevertheless, the market keeps buying the euro.
No trades today, as a lot of pairs are trading with mixed up technicals and with bullish sentiment that has some grounds for doubt. Overall, waiting for the Sunday French elections result and then might be a little bit more clear to take a trade, especially in the EUR/USD.
