By: Bradley C. Smith
Taking each indicator's vote, with Bollinger Bands, Full Stochastics and RSI below their centerlines and only the StochRSI wrapped around it's center area, the EUR/USD should be headed for the clouds on the daily chart.
click on image to enlarge it
However, with the impetus of the greater trend coming into play with each market session opening around the world, it is likely the daily chart will be comfortable around the 1.3700 area today, as it was all last week.
Zoomed to three hours, the initial sentiment of traders is that the trend will continue. If my assessment is correct in the above paragraph, short any clear highs the pair creates and your trades will benefit from this range bound or downward bound pair.