By: Bradley C. Smith
Price action pleads for a retracement on the EUR/USD daily chart with the Bollinger Bands agreeing. The Full Stochastics, StochRSI and RSI all around their centerlines seem indifferent. The lack of heavy news today for this pair will likely allow this high level to be maintained.
The price popping up has taken the technicals to the top as well. Only “market movers” could move a pair this heavily traded this far and it would not be here for any light reason. With no hard hitting news today to move it in any significant way, here it will stay.
