EUR review

Western Union:

Another euro bounce has given way to fresh selling pressure, illustrating how its downward bias remains firmly in place. The euro had poked above $1.10 against the dollar on both Friday and Monday, but it failed to close above that level on both occasions. 

Euro bears are enticed to sell the euro when it rises to key levels, reflecting negative sentiment stemming from the opposing paths of monetary policy in Europe compared to the U.S. Greece's uncertain road ahead for its debt and deficits poses another risk for the euro that's also capped demand for the single currency.