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EUR/USD, Technicals Takin' it Up

EUR/USD, Technicals Takin' it Up

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12 March 2010 10:14 AM GMT

The EUR/USD's range bound daily chart is in a upswing, this upswing is likely to continue with help from two bad forecasts outnumbering the one good forecast for the Dollar today. The three technicals indicators above their centerline will object, they are lagging indicators though.

Zoomed in for a closer look to the three hour chart, the EUR/USD's desire for upward movement is clear in the price action and direction of the indicators.

8:30am est USD

Core Retail Sales m/m Forecast 0.1% Previous 0.6%

8:30am est USD

Retail Sales m/m Forecast -0.1% Previous 0.5%

9:55am est USD

Prelim UoM Consumer Sentiment Forecast 74.0 Previous 73.6

Currency Pairs

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Live Rates

Symbol	Change	High	Low

EUR/USD	0.0004	1.3283	1.32
AUD/USD	0.0058	1.0777	1.0684
EUR/GBP	0	0.8401	0.8368
EUR/JPY	-0.07	103.17	102.28
GBP/USD	0.0004	1.5826	1.5761
USD/CAD	-0.0017	1.0015	0.9975
USD/CHF	-0.0004	0.9159	0.9106
USD/JPY	-0.04	77.77	77.41

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