The EUR/USD has finally moved higher, as traders note some short-covering flows in both the EUR/USD and EUR/JPY. The move up in Asian equities has encouraged USD selling across the board and the next level of resistance on the EUR/USD is found at … 34 Vote(s) Read More FX EUR USD Short covering noted as [...]
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After a rudderless G7 meeting over the weekend that saw no resolution on the Greek crisis, risk currencies drifted lower once again at the start of Asian session trade, but rebounded sharply on short covering flows when European markets opened fo 6 Vote(s) Read More EUR USD Rebounds on Short Covering
Speculators have started covering US dollar short positions and selling Euro, AUD, NZD, CAD, and CHF long positions. The evidence is US dollar bullish. Read More USD Short Covering is Dollar Bullish
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