Here is one of the big reasons the euro is above 1.18

Europeans are back in love with the euro

The latest Eurobarometer survey found that 73% of eurozone citizens support the euro, the highest percentage since 2004.

The combination of a strengthening economy, the unifying force of Trump in the US, Brexit, and the failure of populist candidates at home has created some optimism in Europe for the first time in a long time.

The measure was at an all-time low of 62% in 2012 but has steadily climbed higher.

Luxembourg had the highest support at 85%, followed by Slovenia at 83$, Ireland at 83%, and Estonia 83%. Worryingly, support was lowest in Italy at 58%.

Merkel wins again.

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