By: Bradley C. Smith
Commendable news for consumer confidence on the shores of the United States, will likely see the Dollar gain in value over the Euro at the end of the April 27th trading day. Only slightly though, price action is overdue for a move upward and each technical indicator is appearing needy for a crash threw it's centerline.
Lack of direction is what the three hour chart shows. The Dollar's good news countered by price action and each technical indicator showing that the sentiment of trader's might feel this pair is oversold might see the day end around 1.3350.
9:00am est USD
CB Consumer Confidence Forecast 53.6 Previous 52.5
