My thoughts are that bailout is good for US stock markets but bad for dollar and economy as whole but we'll see what market tells us.
It's worth reading how the currency and economy of other countries that have been in similar situations have changed. There are many examples.
edit: note that I'm talking longer term here, so don't trade based on the above. I think the stock markets will react the news very positively and that will have a (at least) short term effect to EURUSD unless the positive news impact the EU stock markets as strongly too which may very well be the case.
I intend to wait at least a couple of days until there is a clear sign of a direction before jumping in.
It's worth reading how the currency and economy of other countries that have been in similar situations have changed. There are many examples.
edit: note that I'm talking longer term here, so don't trade based on the above. I think the stock markets will react the news very positively and that will have a (at least) short term effect to EURUSD unless the positive news impact the EU stock markets as strongly too which may very well be the case.
I intend to wait at least a couple of days until there is a clear sign of a direction before jumping in.