EURUSD: Pullback from 1.118 ended at 1.10 -> UPSIDE TARGET 1.135

EURUSD The euro is off the 4-day low seen after the surprisingly strong US jobs report. Still, as strong as the November jobs report was, our feeling is it doesn’t move the dial for the Fed this week. It is the first press conference for new ECB president Christine Lagarde on Thursday. A market-moving slipup seems unlikely since she is well experienced from similar events at the IMF.