EUR/USD, at home on the range - 29 March 2010

by: Bradley C. Smith

Each technical indicator being below it's centerline has a chance to enjoy enforcing it's desire in continuing the upward retracement that began late last week. The lack of heavily weighted news being released today will allow this.

EUR/USD three hour chart
Click on image to enlarge it

The EUR/USD's three hour chart at the week's open showed it's intentions to rise immediately, and is now flatlined, hesitant to move farther down after such a great descent in recent weeks.

With the lack of hard hitting news and great range in the week's open, today will be range-bound and a fantastic opportunity to practice trading methods in such market conditions.