Today's Sentiments

Quotes via Bloomberg:

"The economic figures will justify two more rate increases by the Fed."
"The interest-rate differential story still favors the dollar."

On the other hand,

"Trichet suggests that a hike from the ECB on March 2 is all but a done deal".
"We'd find it unusual if the euro did not receive some support into March 2."
"The euro will strengthen to $1.2150 in the next one to two weeks."

At the moment,

I am dollar bearish and am waiting for the opportunity to buy into euro positions once the breakout in the daily chart has been confirmed. A successful close above 1.1950 for the daily price before the end of this week will be a good indicator for the upside movement.