Published by Jamie JemmesonThe euro was moving slowly higher in early forex trading this morning (July 21st) after being pushed to a ten-week high against the dollar yesterday.The currency has tested $1.3000 for three days in a row now, although some analysts anticipate profit taking to weigh on a putative rally.Speaking to Reuters, Tsutomu Soma, senior manager of the foreign securities department at Okasan Securities, said: "Players want to trim long euro positions as they have kept buying euros since early June."However, he added: "Many continue to bet the euro will remain on an upward trend, partly due to the dollar's weakness."Two key upcoming developments are driving trading in the EUR/USD currency pair, with the testimony of Federal Reserve chairman Ben Bernanke before the Senate Banking Committee providing a focus for today.However, forex brokers are also looking ahead to the results of the European banking stress tests, which are due to be published after markets close on Friday.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site