By: Bradley C. Smith
Price action is comfortable at 1.4300 and moving downward. Full Stochastics and RSI would like to bring things higher though. The 14,2 Bollinger Band indicator is about in the center and the StochRSI is trying to keep the RSI down. Anyway... not everyone is looking at the same technical indicators or interprets them the same way, what will move the market is, the hard hitting news for this pair tomorrow and it bodes well for the dollar and will help keep the downward trend in line.
The EUR/USD's three hour charts are all well below their centerlines and due for a bounce/retracement, before their likely trip downward this Monday. I would short what you feel are the highs, based on the news below and the trend.
10:00am USD est
ISM Manufacturing PMI Forecast 54.1 Previous 53.6
