By: Bradley C. Smith
With neither the Bollinger Bands, Full Stochastics, StochRSI or RSI straying far enough from the centerline on the daily chart. I am am forced to look closer and assume these technical indicators want a range bound day. Hopefully the three hour chart will tell a bit more.
The three hour chart's Bollinger Bands, StochRSI, RSI and Full Stochastics want the market to move downward. The 1.5000 dollar defensive line is holding strong and the week will be another stress test. The story these technicals tell, does not speak of a break threw today. The EUR/USD will be slowly moving toward 1.4800 November the 9th.
EUR/USD'S Defensive Line Will Hold This Monday
DailyForex.com