EUR/USD Due to Dive Down for the Dollar Today

By: Bradley C. Smith

      The daily chart that the EUR/USD is put to has for many days had indicators that remind us that technicals lag.  Today may be another lesson with the unemployment claims news ready to rumble this pair.  With it looking good for the Dollar's side of the pair, this pair is due to dive down once again.

      The same indicators put to the three hour chart tell the same story, technicals are subject to other market forces.  Today we can take advantage of that knowledge and enjoy the ride the unemployment claims will offer, if you want to get a ticket. 

7:45am EUR

Minimum Bid Rate   Forecast 1.00%  Previous 1.00%

 

8:30am USD

Unemployment Claims  Forecast 441K   Previous 448K

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