The low this morning has been around 1.3925 in the EUR/USD but buying interest seems to be strong at this level and the market has immediately popped back towards it’s opening level around 1.3955.
The rally in the USD on Friday night came on the back of improved jobs data. This was further confirmation to some that the next move in US rates will be up. You can rest assured, if the US start to raise rates then the ECB will be very close behind them.