By: Bradley C. Smith
Recent rises have taken each of the technicals this EUR/USD daily chart enjoys, to the top of their windows. Trader sentiment is forecast to favor America's only currency, the Dollar. That will aid in guiding this pair's path down.
Conservative RSI or rambling StochRSI, it does not matter, each of the four technicals tells us that the sentiment of traders is soon to send this pair plummeting. As a technical trader, the news can not be ignored. Though these four indicators foretell of a falling EUR/USD, the unemployment claims data, if it does favor the USD, will help a bit. Keep your stop-loss tight if you enter before or just after the news release.
7:45am est EUR
Minimum Bid Rate Forecast 1.00% Previous 1.00%
8:30am est USD
Unemployment Claims Forecast 461K Previous 472K
EUR/USD- Technicals and Forecast, Foretell of a Fall
DailyForex.com