EUR/USD holds 1.0335 ahead of German data drop at 7am GMT

Yesterday the fall below 1.04 in the EUR/USD was all about the better US jobs and ISM data. That data forced a move below the earlier Asian low at 1.0376 and later led the Euro to a US close at 1.0340. That was of course just above the 1.0335 level and it has held that price point so far today. The being seen so far at 1.0339. The price has only lifted modestly so far though, reaching a high at 1.0358. The EUR/USD appears to be waiting for the German data at 7am GMT before deciding its next move. Is that a push back towards 1.04 again, or another relapse below 1.0335? Well, it looks in the balance right now, but one thing is for sure; US yields are supporting the wider dollar again since this time yesterday and unless that changes, the Euro might struggle. So, at 7am GMT we get latest German retail sales numbers and factory orders and the Euro could be reactive to what emerges a little later this morning. The EUR/USD is right now at 1.0354