EUR/USD still balking at 1.06

An update here yesterday afternoon noted the EUR/USD pushing ever closer to the 1.06 handle. Also noted was a previous top at 1.0597 and since then the Euro has been unable to vault either level. The EUR/USD stalled at 1.0589 yesterday and closed in the US at 1.0586. The range seen so far today has been covered by 1.0566 to 1.0589. Data released earlier this morning from Germany (latest industrial production) was not encouraging and missed on estimates. That has helped to keep any topside in check so far, as the European stock markets are about to open. The US jobs report will be key later today though and right now it seems like the Euro is waiting to see what that data delivers. At the same time we should not rule out a push above the 1.06 handle in advance of that report, particularly if there are stops in place above that level. To be honest with you, the Euro could have made better of the weak US data we have seen this week, but so far it has not. There will be more to add later on the EUR/USD. It is currently trading at 1.0581