By: Bradley C Smith
Bollinger Bands, Full Stochastics, StochRSI and RSI when attached to the daily chart, all want the EUR/USD pair to rise up from it's 2 month low region. Price action shows some resistance around 1.4600, a nice round number, which often has a strong psychological effect of delaying a pair's passing threw or not allowing it to pass.
No heavyweight news for this pair today leaves the three hour chart as the last determining factor. All four technicals are close enough to their centerlines to not signify anything significant other than a range bound day. This range bound day will likely be flowing slowly upward with the factors from the daily chart spoken of earlier effecting it.
EUR/USD Ranging Upward
DailyForex.com