Lars Merklin, a senior analyst at the Bank of Denmark, said Friday's US jobs data appeared to show that the US economy was quite strong and job creation was robust, and that these preliminary data continued to be negative for EURUSD EUR/USD. He said ∶ "We expect these data to support the Fed's tightening stance and expect cyclical indicators to stabilize further, on which the dollar will strengthen in the coming quarters." Danish bank analysts have set a 12-month target for Europe and the United States at 0.95, he said.