By: Bradely C. Smith
Lifted to their centerlines or beyond, Bollinger Bands, Full Stochastics and StochRSI are now satiated and ready for the greater downtrend to continue or let the RSI and the hard hitting news that favors the EUR side of the EUR/USD have it's way with this pair and start a bit of a rise on the daily chart.
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Closer into the pair on a three hour chart, the pair has gently declined since it's great rise yesterday, possibly because it grows tired of the steep decline in recent weeks.
If the forecast turned out to be true at 8:30am est today, I would ride that news and that is it, this pair might be ready for a new direction. No one can be certain though.
| 8:30am est USD | Forecast | Previous |
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