By: Bradley C. Smith
Technicals will not disagree with the rise that might come today, from the ill forecast on such a major piece of news, for the Dollar's side of this pair. Bollinger Bands, Full Stochastics, StochRSI and RSI are each following the trend as lagging indicators would. Large news items like today's are what change things like this though.
Price action on the three hour chart has been calm for the past two days. The high positioned technicals, except for the RSI could be deceptive. The day will be define by the release at 7:30am est.
7:30am est USD
Advance GDP q/q Forecast 3.4% Previous 5.6%
