The shilly-shallying of the euro continues these days, both supported by the ECB and good U.S. data and penalized by weak European indicators and worries about the endless fiscal crisis.

American side, the unemployment rate stood at 7.8%, its lowest level since January 2009 (when the arrival of Barack Obama). In the midst of elections, this coincidence leaves analysts pessimistic about the global slowdown rather skeptical.

This week is the Eurogroup meeting where the entry in force of ESM, banking regulations, Greece (still in negotiations to obtain a new tranche of aid) and Spain will be on the agenda. Markets do expect, however, no major decision could disrupt prices in their consolidation phase.

Technically, the Euro remains attractive around the threshold of USD 1.30, solid support during the first part of the year. In view of the current uptrend, the most aggressive investors will try any purchases at USD 1.2936 or 1.28, to target USD 1.30.