The Euro may also be waiting on events across the Atlantic as well, as events in the Ukraine and a slateof Euro zone data have been unable to extricate it from a fairly tight overnight range. A downtick in Euro zoneUnemployment and better than expected Italian and French PMI numbers may be a source of mild support, buthave been offset by a slight miss on the German PMI number. Clearly the Euro would be a main beneficiary ofweak US jobs data, but upside may be limited above the 1.3910 level given the ECB’s reluctance to see a highlyvaluedcurrency. The bulls remain in control, but decent Payroll numbers will give some pause for thought.
Technical Outlook: Stochastics are at mid-range but trending higher, which should reinforce a move higherif resistance levels are taken out. The market’s close above the 9-day moving average suggests the short-termtrend remains positive. The daily closing price reversal down is a negative indicator for prices. With the closehigher than the pivot swing number, the market is in a slightly bullish posture. The next upside objective is138.9500. The next area of resistance is around 138.7600 and 138.9500, while 1st support hits today at 138.5000and below there at 138.4300.