Euro Bounce Presents Attractive Selling Opportunity

Retail forex traders have recently been selling into Euro strength against the otherwise-resurgent US Dollar—normally enough to make us bullish.

Retail forex traders have recently been selling into Euro strength against the otherwise-resurgent US Dollar—normally enough to make us bullish.

The rebound in the EURUSD is likely to be short-lived as the European Central Bank (ECB) maintains a cautious outlook for the region.

EUROPEAN SESSION UPDATE: Still unclear why the US Dollar is missing out on the risk-aversion action; Japanese officials scramble to return confidence to market…

Fed Chairman Bernanke’s comments about a potential unwinding of QE measures have given the US dollar rally new life, and the greenback is again soaring against the euro, yen, and commodity dollars.

Euro-zone composite output index beats expectations for May at 47.8; Markit says recession likely to continue in Q2…

Changing economic conditions in Europe and globally are likely to cause the EUR/CHF to top close to 1.30, at which point the Swiss franc may be reborn as a risk currency and grow continually stronger, never to see 1.30 again.

The EURUSD extended the advance from earlier this week as European policy makers pledged to address the risks surrounding the euro-area.

$US has firmed against most other major currencies except the euro on the eve of the testimony to Congress.

The US dollar firmed against most other major currencies except the euro Tuesday on the eve of Federal Reserve chief Ben Bernanke's much-anticipated testimony to Congress.

THE euro rose on Tuesday but the US dollar strengthened against the Japanese currency.