Euro dollar prefers to remain optimistic in the new year, as the market returns to full gear. Part of the optimism comes from European leaders Merkel and Sarkozy. Is this optimism justified or is it just short covering? Today we have an initial hint towards this week’s big event: the Non-Farm Payrolls. Here’s an update on technicals, fundamentals and what’s going on in the markets. EUR/USD Technicals Asian session: Active session sees the pair cross the 1.2945 line once again. The 1.30 is challenged at the wake of the European session. Current range: 1.2945 – 1.300 Further levels in both directions: Below 1.2945, ... (full story)