Well, it also did not go lower. That's a concern. I'd never think of anything artificial in EURO. It seems to be aiming higher locally. That's it.
"Well, it also did not go lower." Well, it wasn't suppossed to. The report should have bode more well for the Euro than for the greenback. Think about it, the Euro opened the year at around 1.18 and save the FOMC report, there isn't that much reason for this bullishness, especially in light of the fact that Europe isn't that hawkish on raising the intrest rates either (I understand the market is not always logical but you still have to think that way). I'm sticking to my short for now.