By: Bradley C. Smith
The consistent angle of the Bollinger Bands has been the only unceasingly correct directional indicator in the recent downtrend for the EUR/USD on the daily chart. Full Stochastics, StochRSI and RSI have all waned in their efforts to give us lagging truth. The trend and the B.B.s still direct us downward.
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Each of the four indicators but one, is above it's centerline on the three hour chart.
With the Bollinger Bands and Trends rolling down the hill, today would be a good time to short any clear highs you feel you find.