By: Bradley C. Smith
Lack of high powered news released forces the technical indicators to be called upon today. Each is hugging it's centerline on the daily EUR/USD chart. The slide downward yesterday might give a clue about a retracement that might occur. Let see what the three hour chart has to say.
Bollinger Bands, Full Stochastics, StochRSI and RSI are all at the bottom of their windows on the three hour chart and ready for a lift. Price action is in agreement with the technicals here and both are likely to lift the EUR/USD today but only if you agree.
EUR/USD, Price Action, Pumps Pair Upward
DailyForex.com