The break above 1.3066 strongly suggests that 1.2876 marked the end of a bearish wave at 1.2865.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for February 14.

The larger US trade deficit has helped to contribute to the US dollar’s weakness, but most of the sell-off in the greenback today was triggered by positive Eurozone data and the continual liquidation of short yen trades.

A contracting range in the EUR/USD indicates increased potential for a breakout.

Tim Bourquin interviews Trader Jason Alan Jankovsky, who discusses how most traders think about the markets in the opposite way that they should.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for February 13.

The London wave of Euro selling sent EUR/USD lower from a Head and Shoulders pattern and through the significant 1.2990 shoulder line support level.

With the G7 meeting behind us, traders have taken the US dollar higher once again. With no major US data on the calendar, today’s move is nothing more than a relief rally.

Derek Frey provides weekly market commentary on currencies for the week of February 12.

The break above 121.38 brings 122.21 back in focus as the longer-term implications from the break of the 8-year trendline are back at the forefront.