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Forex: EUR/USD keeps gains above 1.3100

FXstreet.com (Barcelona) - The bloc currency remains buoyant beyond the key mark at 1.3100 on Friday, after Payrolls figures rose above the median to 165K during April and the US jobless rate ticked lower to 7.5% during the same period.

“The rationale for Draghi’s remarks yesterday was, in our opinion, probably more about leaving the markets with the perception that all of the ECB’s policy options are not yet exhausted rather than a means to implicitly force the EUR lower. Under this logic, a “tool kit” with more options if anything, probably more of a EUR supportive factor than a EUR negative one”, assessed S.Gallo, Strategist at BMO.

As of writing, the cross is advancing 0.38% at 1.3115 and a break above 1.3220 (high May 2) would open the door to 1.3231 (daily cloud top) and then 1.3243 (high May 1).
On the flip side, support levels line up at 1.3033 (low May 3) ahead of 1.3015 (low Apr.29) and then 1.3000 (MA30d).

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