By: Bradley C Smith
With both heavy news items being neutral, once their beneficial or harmful effects for the Dollar are taken into account, the technicals must be turned to once again. Bollinger Bands, Full Stochastics, StochRSI are slowly creeping to their centerlines where the RSI already is. The EUR/USD has show it is not comfortable with recent highs it had a chance to explore and is ready for the comfort of lower territory.
Before too tight of a stop-loss is put on any short trade, the three hour chart's technicals caution us. Each technical on this chart tells us that sentiment is already quite low for the recent timeframe and with news items likely canceling each other out today, the pair trying for highs yet showing discomfort with them, there might be a range bound market today.
