By: Bradley C. Smith
The EUR/USD's decline on the daily chart, has helped the Dollar half of the pair gain strength. This is despite each of the four technicals this daily chart enjoys, pleading, as they are dragged across the bottom of their windows, for upward movement.
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Technical indicators are lagging however and will not direct the future. Recent price action on the daily chart has shown the trend, has enjoyed stability around the 1.3700 level.
On a three hour chart, each indicator except the RSI is looking for downward movement or at least a range bound day. With no hard hitting news, these indicators may have their way. Trade the trend my friend, short the high spikes.