EUR/USD- Down Is The Determination

By: Bradley C. Smith

With news both yay and nay for America's Dollar, we will turn to the technicals for guidance in our time of need today. The conservative RSI is at it centerline, while each of the other technicals are far above theirs. The EUR/USD, according to the technicals is due for a retracement on the daily chart. Will the three hour chart agree? Let's see.

Stalwarts and temperamental technicals alike are above center on the three hour chart. Down seems to be the determination for this day here as well. Put positions to your broker accordingly if you agree.

8:30am est USD
Building Permits                                 Forecast 0.63M                       Previous 0.61M

8:30am est USD
PPI m/m                                              Forecast -0.5%                        Previous -0.1%