By: Bradley C. Smith
The daily chart of the EUR/USD is on a down swing of a range bound past few weeks. This combined with no new heavy news releases and each of four technical indicators near their centerlines means, another range bound day. Will the three hour chart agree?
This week has been within a 150 pip range. The lack of extreme direction, movement or position in any price action or four indicators on the three hour chart, signals a range bound day.