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  3. EUR/USD, Destined Downward
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EUR/USD, Destined Downward

DailyForex.com

By: Bradley C. Smith
A gentle rise in the StochRSI shows a level of stability in the EUR/USD's daily chart. The same daily chart's Bollinger Bands are not as wide, showing a decrease in recent volatility. Full Stochastics and RSI still remind us though that the downtrend is not over. The good news for the dollar, from the most heavy hitting news item for this pair on the 2nd will help continue the trend.
The three hour chart's technicals are all mid-ranged except for the RSI. This is a good opportunity to short any upward spikes before the good news for the USD is released at 10:00am est.

10:00am est USD
Pending Home Sales m/m Forecast 0.4% Previous -16.0%

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