Euro breakout signals long-term trend, US dollar faces further weakness . Jim Bianco: “Where is the selling coming from? Answer: Europe

It’s now official.

The euro has broken out above a key historical resistance level.

FX trends often take time to develop, but once they do, they tend to persist for years.

I expect this time to be no different, with the US dollar likely to weaken further against other… pic.twitter.com/KiCuLdQqcG

— Otavio (Tavi) Costa (@TaviCosta) April 11, 2025

Jim Bianco: “Where is the selling coming from? Answer: Europe….’

3/6

Where is the selling coming from?
Answer: Europe

The dollar is going straight down, and US yields are going straight up as this chart shows.

This relationship has broken this week. pic.twitter.com/ld1jiSllyv

— Jim Bianco (@biancoresearch) April 11, 2025