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EUR/USD, Calmly Coming Down Today

EUR/USD, Calmly Coming Down Today

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08 March 2010 10:53 AM GMT

By: Bradley C. Smith

The daily chart for the EUR/USD has seen it climb enough in the past week, to bring each of the four technical indicators this chart enjoys to or beyond their centerlines. The Bollinger Bands and StochRSI are above their centerlines and the other two are at their centerlines waiting for a range bound day. The swing looks like it will be to the downside.

Every indicator, indicates the same thing on a closer three hour timeframe also. The EUR/USD will test 1.3600 again today it seems. With no heavy news the calm day, like a pond, can be seen threw with the help of the technicals.

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Live FX Rates

Symbol	Change	High	Low

EUR/USD	0.0072	1.2623	1.2562
AUD/USD	0.011	0.9879	0.9799
EUR/GBP	0.0026	0.8036	0.801
EUR/JPY	0.24	100.21	99.81
GBP/USD	0.0044	1.5716	1.5678
USD/CAD	-0.0055	1.0271	1.0238
USD/CHF	-0.0046	0.957	0.9532
USD/JPY	-0.29	79.73	79.35

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