By: Bradley C. Smith
With no news that to offer a sign that might sway the EUR/USD today, we are left with the technicals to tell us where this pair might turn. Price action wants to bring the pair upward, while the indicators are split 50/50 on each side of their centerline. They are not straying far from the centerline and with no news to wait to kick this pair around today, we can let the trend break the tie. The trend is an undulating upward movement.
On the three hour chart, market movers' intent was clear, with no news or reliance on the words of governments, at the week's open they put their money into the Dollar for now. Around 3 trillion USD goes threw the Forex market daily through and there will be a lot more currency coming in when the UK, Europe and US sessions open up. That will likely overrule the few market movers that created the 50 pip downward jump the EUR/USD experienced when the week opened.
