EUR/USD- Heavy Forecasts to Mend the Uptrend

By: Bradley C. Smith

Are you having trouble trading with the trend? The two heaviest forecasts for the EUR/USD are below and they are ready to mend this pair's path. The wandering path rising up today will not be a surprise, knowing the greater uptrend and the foretold future. The lagging technicals do not all agree, however they will are playing third chair today, the trend and news are placed more prominently.

For confirmation, does the three hour chart agree with the above assessment? It's four technicals agree with the greater trend and two forecasts, all below their centerlines and ready to rise. Isolating any trades to longs, might be wise, however go with what you know, as they say.

8:30am est USD
Unemployment Claims                       Forecast 449K                         Previous 429K

10:00am est USD
Existing Home Sales                           Forecast 5.18M                       Previous 5.66M

EUR/USD Technical Analysis Graph