Today there are two big data releases: European GDP, and the NFP (US)
This morning German data release - factory orders came in strong
and the Eur/Usd shot up to 1.125 from 1.1210
This indicates the market is willing to buy the pair - strength is not over yet
If the more important data release - European GDP comes in strong, then we will probably break 1.13
The NFP, later today will either bring Eur/Usd down, or strengthen its position
There is a tough battle going on in this pair
This morning German data release - factory orders came in strong
and the Eur/Usd shot up to 1.125 from 1.1210
This indicates the market is willing to buy the pair - strength is not over yet
If the more important data release - European GDP comes in strong, then we will probably break 1.13
The NFP, later today will either bring Eur/Usd down, or strengthen its position
There is a tough battle going on in this pair