EUR/USD steady around 1.0800 in contained trade

The EUR/USD has continued to hold the break above its 50 day moving average since it busted above that level yesterday afternoon. That was noted here much earlier this morning and that 50 day moving average is at 1.0781. However, despite that the Euro has not extended above the high seen yesterday, at 1.0817. Perhaps that is due to the US holiday today, but more likely it is due to the proximity of the US jobs report tomorrow. Maybe the Euro does not want to get ahead of itself in case there is a surprisingly good number from the US payrolls, which might see the Euro longs upended yet again. That has happened so many times in recent weeks and months and it has surely been a source of frustration for those fans of the single currency. On the flip side of that, if we get a really crummy US jobs number tomorrow, it could cement a more dynamic rise in the Euro and the dollar might just find a better excuse to fall back further than it has for some while now. The EUR/USD is currently trading at 1.0797