By: Bradley C. Smith
Price action on the daily chairts for the EUR/USD is not revealing anything. The Unemployment Claims news should get things moving on the 19th though. The forecast for those claims is not looking good for the dollar. There may be a blast threw the 1.5000 line that has been the focal point for the past few weeks. Bollinger Bands, Full Stochastics, StochRSI and RSI have all failed to signal some movement, they as well say, range bound market for the 17th. I'd hold that unemployment news close as a crystal ball.
The same four technicals on the three hour charts are in no extreme position around their respective centerlines. A bland range bound day other than the news is what the technicals forecast. My feelings for tomorrow are a sharp blast up to 1.5000 followed by a slow march downward the rest of the 19th.
8:30am USD est Unemployment Claims Forecast 503K Previous 502K
