By: Bradley C. Smith
The Ill forecast for America's side of the EUR/USD could aid in putting this pair back on the short term up trend. Only two of the four technicals are above their centerlines now. This day might see some retracements on smaller time frames yet end lower due to the strength and determination of those that had the money to create yesterday's move.
Technicals and price action together are asking for release from the relentless march down today. The momentum of yesterday's movement will likely not end soon. If a a retracement manifests itself, like a three hour bar closing up, take the opportunity to enjoy any further fervor this downward movement might have.
10:00am est USD
CB Consumer Confidence Forecast 62.8 Previous 63.3
EUR/USD- Further Fervor, Drives It Down
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