Table of Contents
  1. DF
  2. Technical Analysis
  3. EUR/USD, Forecast Friendly for USD
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EUR/USD, Forecast Friendly for USD

DailyForex.com

By: Bradley C Smith
Technicals will be taken down again by the good news for the dollar on the 4th. Bollinger Bands, Full Stochastics, StochRSI and RSI are each in their windows and all low. Price action has showed the EUR/USD pair is stable around the 1.3900 level. That show of stability will help future movement downward.

Moving in for a closer view on the three hour chart of the EUR/USD, it reveals a recent strong move downward. If you see any spikes upward before the very good news for the USD today, short this pair and enjoy the strong trend downward.

7:45am est EUR
Minimum Bid Rate Forecast 1.00% Previous 1.00%

8:30am est USD
Unemployment Claims Forecast 461K Previous 470K

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