By: Bradley C Smith
Each indicator put to the EUR/USD's daily chart, the Bollinger Bands, Full Stochastics, StochRSI and RSI is wrapped around its bottom point and withering from lack of sunlight. The Bollinger Bands are wide open and that sign of volatility would allow a move upward to happen. Price action also would support a strong move upward with a long overdue retracement.
The three hour chart tells the same tale. Technical indicators writhing on the floor screaming to get up and price action asking to be helped up by some strong news items. Today though, only contradicting news items. Price action is also asking for a helping hand up.
8:30am USD est
Unemployment Claims Forecast 466K Previous 474K
10:00am USD est
Philly Fed Manufacturing Index Forecast 16.2 Previous 16.7
EUR/USD - The bottom
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