By: Bradley C. Smith
The EUR/USD bounced off 1.4850 on Nov 2nd and as I write this is climbing back up from 1.4775. Bollinger Bands, Full Stochastics, StochRSI and RSI on a daily chart say a slow climb up is still to come. The same indicators on the 3 hour chart confirm the climb will be slow because none are straying to far from the center. There is no hard impacting news releases on the third so a range bound pair, with a slow dance upward ending at around 1.4850 is where the music will end in 24 hours.