By: Bradley C. Smith
The trend and today's forecast for unemployment claims bodes well for the Dollar. Bollinger Bands, Full Stochastics, StochRSI and RSI have been idling below their centerlines waiting for a excuse to rise, yet none has come along. Today's numbers likely will yield no excuse either, the forecast has been on the wrong side the last two times.
At or above their centerlines, the EUR/USD has allowed the technicals on the three hour chart to breath a bit more. The price is still at 1.3200, were it was over one day ago, the unemployment numbers will change the proximity to that price range. Be sure your stop-losses are in place when the news is dropped.
7:30am est USD
Unemployment Claims Forecast 442K Previous 456K
