By: Bradley C. Smith
Both hard hitting News items for the EUR/USD pair looking good for the dollar, might mean the 1.5000 mark might last a bit longer.
The daily chart's RSI, StochRSI and Bollinger Band's want a range bound day while the Full Stochastics want the pair to move down along with the news items. Daily price action feel says to me around 1.4800, is where the week will end.
All the same technical indicators want the EUR/USD to move up on the thirteenth of November. Price action is giving me that indication as well. I think the news aligned with the extra horsepower of the daily chart will help the week end at around 1.4800 though.
8:30am est USD Trade Balance Forecast -31.8B Previous -30.7B
9:55am est USD Prelim UoM Consumer Sentiment Forecast 71.1 Previous 70.6
