By: Bradley C. Smith
Upward undulation did not temp the EUR/USD into breaking it's trend, nor did any of the four technical indicators put to the daily chart. This pair is satisfied to sink further into a stronger Dollar domain. The Full Stochastics and StochRSI are higher than they have been in recent weeks and are likely to be put to the ground shorty while this trend continues.
One three hour bar closed up yesterday, after that the trend took over again and only short trades would of shown profit. That might give a clue as to what trades might be profitable today. Though the indicators are low, on larger timeframes your charting software might have they are higher, pick your poison. Whatever drug or witchcraft you might need to muster up enough guts to open a trade, be sure that the trend is on your side.
10:00am est USD
CB Consumer Confidence Forecast 59.1 Previous 57.9
