By: Bradley C. Smith
The downtrend will continue, with more good news forecast for the Dollar, the EUR/USD will likely continue down on the daily chart today.
All indicators put to the daily chart would like to see upward movement except the StochRSI. The strength of the trend, yesterday's decisive movement and the news coming today will likely mean more of the same direction.
Looking closer at the EUR/USD pair, the three hour chart's technicals look satisfied with it's recent downward move, however for the reasons above, it will likely roll further down. Short the highs before those news items hit and keep the stops tight.
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EUR/USD: The dollar has it's day
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