Lots of differing factors for EUR/USD traders to consider. Risk-aversion is first and foremost, followed by EZ debt issues but the US NFP data will become increasingly important as we approach Friday. Given recent data out of the US, it would be a brave person who predicts a strong number.
EUR/USD will rally when the market is focussing on US economic woes but will fall when risk aversion and EZ issues are to the fore.
The short-term EUR/USD trading range looks like it should be 1.4150/1.4280 ish and we are presently ticking higher towards the middle of this range.
