As the euro and yen continue to drop in value it seems that the US dollar is indomitable. Maybe.
All the same, looking at the Rydex CurrencyShares Euro Currency ETF (NYSE:FXE) (the ETF representing the EUR/USD cross-rate), we’re getting awfully close to major support. I confess, I’m not confident enough to put money behind it, particularly with the ECB press conference later today, but I wanted to share this with readers anyway.