By: Bradley C. Smith
The recent rally to the centerline each of the four technical indicators enjoyed on the EUR/USD's daily chart might be short lived. Two hard hitting new items forecast to favor the Dollar are due today, no matter what the lagging technicals might say.
The three hour timeframe seems more prepared for a trip downward, with each technical indicator much farther above it's centerline. That shows the shorter term trader sentiment is accepting of a show of strength from the USD today.
7:30am est USD
Unemployment Claims Forecast 440K Previous 442K
9:00am est USD
ISM Manufacturing PMI Forecast 57.0 Previous 56.5
