By: Bradley C. Smith
The EUR/USD explored higher territory on the 17th yet decided to still continue down. Good, bad and neutral news today for this pair evens out the news angle of analysis and the technicals have been rendered infertile for the past few weeks in this virile trend.
Put to the three hour chart, the technical indicators show this pair has escaped the trend that will likely envelop it when the heavy trading sessions begin. While it is high, one could choose to take advantage of the likely continuing trend, considering how the news items are not clear in their direction.
5:00am est EUR
German ZEW Economic Sentiment Forecast 47.1 Previous 53.0
8:30am est USD
Building Permits Forecast 0.68M Previous 0.68M
8:30am est USD
PPI m/m Forecast 0.1% Previous 0.7%