By: Bradley C. Smith
Out of the range bound Forex trading daily chart of the EUR/USD, an uptrend is emerging. The sore news for the USD will aid this burgeoning potential movement. The initial dumping of the EUR at this week's open should satisfy the higher positioned Forex technical indicators. Which is all of them on this daily chart except the centerlined RSI.
Centerlined, high, low, high... the technicals seem without direction today. The EUR/USD coming down hard like this, gives a wonderful opportunity, if bought low, to enjoy the emerging uptrend, that will be assisted by the news hitting hard at 8:00am est.
8:00am est USD
TIC Long-Term Purchases Forecast 50.3B Previous 63.3B