EUR/USD: The Euro a breath from 1.0200 as any reaction attempt is short-live

The single European currency remains under question at the start of the new week as the data on new jobs in the United States released on Friday far exceeded estimates, acting as a trigger for a new cycle of positive momentum for the American currency.

Friday's data was further evidence that the two major economies of the US and the eurozone continue to move at different speeds, with the US having a clear advantage for now.

The labor sector in the United States remains strong, dispelling any thoughts of a possible recession in the American economy while also acting as a harbinger of strong consumption and therefore possible inflationary pressures.

Thus strengthening bets on the possibility that the Fed will be much more conservative in the next reductions in key interest rates.

We are in the 4th consecutive month where the European currency remains under pressure as the main factors that have influenced the euro remain on the table.

In addition to the geopolitical risks, the difference in interest rates in favor of the American currency and the concerns about the course of the European economy, there is the politics of the new President Donald Trump, who, from his statements alone, has given a fresh boost to the American dollar.

After the stormy news on Friday, today's agenda is much poorer without any announcements from both sides of the Atlantic, something that could stabilize the exchange rate near the 1,02 level with the split if it happens to be small in scope.

Friday's very strong data that triggered the rise of the US currency makes me more skeptical about my idea of ​​buying the European currency.

However, I will maintain my thinking and desire to position myself in favor of the European currency by simply moving the desired levels a little lower,  near the 1.0100-1.0150 level.