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US Dollar Expected to Rise vs Euro, Waiting for Entry to Sell Yen



DailyFX   |  April 27 2012 6:15 EDT

We continue to hold a short Euro position against the US Dollar and looking for an attractive setup to sell the Japanese Yen against the greenback.

Major Currencies vs US Dollar

(% change week-to-date)

US_Dollar_Expected_to_Rise_vs_Euro_Waiting_for_Entry_to_Sell_Yen_body_Picture_5.png, US Dollar Expected to Rise vs Euro, Waiting for Entry to Sell Yen

EURUSD: Holding Short Below Key Trend Line

USDJPY: Waiting for Long Entry Opportunity

GBPUSD: Year-Old Trend Line Barrier in Sight

USDCAD: Interim Support Found Above 0.98

AUDUSD: Standing Aside as Prices Consolidate

NZDUSD: Well-Defined Range Continues to Hold

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to ispivak@dailyfx.com



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