By: Bradley C Smith
Uncomfortable at the extreme lows relative to recent weeks, the EUR/USD has slowly been crawling up on the daily chart for five days. Bollinger Bands, Full Stochastics, StochRSI and RSI are still low and ready to help with the lifting work. The Existing Home Sales news release will add extra impetus at 10:00am est. The dollar seems to be on another death march.
Zooming in to a three hour chart, each of the four indicators is asking for a downward movement before the sweep upward happens. I think it is clear, today's trades should only be long, after any downward spikes you might want to wait for.
10:00am est USD
Existing Home Sales Forecast 5.95M Precast 6.54M
Dollar's Death Begins with the EUR/USD
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