Table of Contents
Affiliate Disclosure
Affiliate Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

EUR/USD's Price Action Reveals it's Intentions when it's Technicals are Mute

By DailyForex.com

By: Bradley C. Smith
Recent one day chart price action for the EUR/USD has show the pair has a affinity for the 1.4920 area. With no hard hitting news for this pair on November 20th the EUR/USD is likely to stay surely under the 1.5000 line. With the Bollinger Bands, Full Stochastics, StochRSI and RSI gently hinting at a movement downward, the week should end around 1.4900 I feel.

That is how I feel, lets see what the three hour charts say, with their technicals added, about the week's ending price. Each technical is mute. Each indicator is wrapped around it's centerline. Price action this week has shown resistance around 1.4950 and that supports what the technicals and price action say on the one day charts. That is that the week should end around 1.4900, ready for another likely waltz around 1.5000 next week.

image

Most Visited Forex Broker Reviews