By: Bradley C Smith
If the Euro's Minimum Bid Rate stay's the same, the other two powerful news items should bring the EUR/USD easily down from it's recent range bound high. Bollinger bands and StochRSI are flying high, Full Stochastics and RSI are at their centerlines. The news and technical setup here is making a comfortable bed for the EUR/USD to comfortably lay down, when it comes down later today.
Indicators and price action shows the EUR/USD does not want to challenge 1.3600, the above paragraph and this pair's close proximity to that level, will break that aversion to that price area today. Trade accordingly.
7:45am est EUR
Minimum Bid Rate Forecast 1.00% Previous 1.00%
8:30am est USD
Unemployment Claims Forecast 472K Previous 496K
10:00am est USD
Pending Home Sales m/m Forecast 1.4% Previous 1.0%
