The euro has strengthened against the dollar over the past two weeks. At this point, we have hit a little consolidation. Over the next couple of days and moving into the end of next week, I anticipate for the euro to move slightly higher.

This week, the Jobless Claims numbers and the U.S. Trade Balance will be announced. Additionally, retail sales figures will be announced on April 14th. The outcome of these two reports will no doubt have an effect on the value of the dollar.

The euro has been in an uptrend for a very long time. And based on the state of the U.S. economy, I see no reason why there would be a true break in the trend right now. I will continue to monitor this currency pair; look for a slight break to the upside on the euro over the next couple of days.

The risk of loss in trading commodity futures and options can be substantial. Before trading, you should carefully consider your financial position to determine if futures trading is appropriate. When trading futures and/or options, it is possible to lose more than the full value of your account. All funds committed should be risk capital. Past performance is not necessarily indicative of future results.