Brian Taylor Euro Quotations

Obviously the report was better than expected but the market is still forward looking. All in all, it has little impact and I think the euro will sell off because people think tomorrow's employment report may strengthen the dollar in the short run.

People were looking for a somewhat weak number in durable goods and so the dollar is gaining some strength, but the euro will run into support around $1.2210. The market will buy on any dips.

Any move in the euro may be exaggerated because people are long dollars. It's come a long way this year.