Struggling to Build Above $1.1900 in Early Europe

EUR/USD got the needed momentum, via US equities open, to move above the $1.2000 in early NY, the rate touching $1.2011 before meeting decent profit take supply. The corrective pullback was given an added shove on release of strong US ISM Mfg data. The move lower also reacted to comments from ECB Lane that suggested the recent move higher in EUR/USD are an important factor in monetary policy, though ECB does not target the exchange rate. Rate met support ahead of $1.1900, touched $1.1902 before edging back to $1.1915 at the close. This late recovery extended in early Asia to $1.1929 before momentum faded and it dropped through the figure to $1.1892, settling back
above $1.1900 for the most part for the balance of the session. Early Europe has picked up a mild bid tone which has nudged rate to $1.1913. Resistance noted at the earlier $1.1929 high, a break to expose $1.1950. Support $1.1892 ahead of Monday's low of $1.1884. Outlook remains positive though enthusiasm not as strong as seen into the end of August. Focus turns toward Friday's US NFP, though reaction could be muted as we run into the long US weekend. US ADP today(1315BST) seen as the curtain raiser. EZ PPI at 1000BST, US Factory Orders, Durable Goods at 1500BST.