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Andy Chaveriat, chief technical analyst at BNP Paribas,says the clean break of $1.3055 (Dec 23 low) in the euro targets "strong swing support" at $1.3000/$1.2990. "Only a break of $1.2990 would focus attention on $1.2965/70 pivot support (Nov 30 low), he says.
American focus: the dollar advanced to a one-month high against the euro before tomorrow’s U.S. payrolls report, forecast to show employers added jobs for a third month and the unemployment rate eased to 9.7 percent.
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