By: Bradley C. Smith
Those with the power to push this pair have seen fit to move it down at this week's open. Existing home sales has been forecast to favor the Dollar, that will aid both the trend and the mind's of the market movers. Each of the technicals put to the EUR/USD had a period of respite from their depths, not enough to make move downward definite though.
The trend, week's open and a correct forecast for the existing home sales would have me shorting any three hour bar that closed up. Those three factors would be enough evidence that the Dollar might dominate another day.
10:00am USD
Existing Home Sales Forecast 5.62M Previous 5.35M
