Technicals and price action agree on the EUR/USD

By: Bradley C Smith

Price action of the last four days has had higher lows, this pair is moving up. Bollinger Bands, Full Stochastics, StochRSI and RSI when put to the daily chart for the EUR/USD all are ready to lift it up. Two of the hardest hitting news releases for this pair look good for the dollar and one does not, that will help it move the pair up as well.
All that momentum of information hits a speedbump with the three hours charts. I don't feel the three hours charts can overpower the news items and daily charts though. The three hour charts might yield a movement downward that will allow a entry that will benefit from the flow upward that the price movement, technical indicators and news on the daily chart will cause.

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