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EUR/USD, Price Action Points Upward

By DailyForex.com Team
The DailyForex.com team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading.

 By: Bradley C. Smith

No new notable news, forces us to turn to the technicals to find where the EUR/USD will be, around 24 hours from now. With Bollinger Bands, Full Stochastics, StochRSI and RSI all below their centerlines it will likely be up. The daily chart reveals two dances into the the downward regions that this pair disliked, that supports the upward momentum that the huge Friday candle that ended last week agrees with.

Price action on the three hour chart is gently trending upward, despite all the technicals being above their centerlines. In conclusion, when price was talked about, not lagging indicators, up was the word. What do you say?
 

DailyForex.com Team
About DailyForex.com Team
The DailyForex.com team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading.
 

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