At the end of the day, what matters is price action.
This week, we had a US GDP report that looked like it would sink EUR/USD. Then a modestly less-dovish-than-expected press conference from Draghi sent the euro sky high. Today, the market absolutely jumped on the post-payrolls weakness in EUR/USD.
Technically, EUR/USD broke out yesterday as well.
EURUSD daily
Bottom line: There has been bad news and good news this week for the euro and the results has been the same — EUR/USD has gone higher. I think that tells you all you need to know.
