EUR/USD: Euro on a slight rebound mode above 1.0300 after the morning gap

The single European currency is moving marginally above the 1.03 level in the early hours of Monday, trying to recover from the opening of the new week where, in the wake of President Trump's new warnings about the imposition of tariffs, the exchange rate opened with a gap against the European currency.

The speculation surrounding President Trump's intentions is well underway, also affecting the exchange rate among other markets, with the pair moving in a range of around 1,02 - 1,05 so far.

The confusion that grips investors is clear as they avoid taking any big bets.

The jobs data released on Friday was a positive surprise for the US dollar as although January's data showed a decline, there was a significant upward revision to the previous month's data while the unemployment rate fell slightly from 4.1% to 4%.

This development currently keeps the chances of a reduction in key interest rates by the Fed at its next meeting quite low.

Otherwise, the general picture of the market has not changed, with the European currency, apart from some good reactions, struggling to develop a strong upward momentum.

.The pattern of the last few days has some good chances of remaining on the table as levels well above 1.06 would be a surprise to see very soon, while on the other hand whenever the pair approaches 1/1 the euro maintains its ability to react.

Today's agenda is relatively poor with no announcements from the other side of the Atlantic, while the only thing that stands out in the Old Continent is President Lagarde's speech and the indicator for investor confidence in the eurozone.

I see no significant reasons to change my thinking and desire to buy the European currency on any sharp new dip well below the recent lows of 1,0175.