By: Bradley C. Smith
Unemployment claims are expected to be about the same as they were last week, so lets look to the technicals for the EUR/USD. The Bollinger Bands, Full Stochastics, StochRSI and RSI are ready for a movement downward, I feel to around 1.4900. I say 1.4900 b/c of magnetism the 1.5000 level has been showing recently. Nothing clear is manifesting itself on the three hour chart. Another range bound day going across the 1.5000 line is likely going to be the story for November 12th.
8:30am est USD Unemployment Claims Forecast - 512K Previous - 512K
