By: Bradley C. Smith
No forecast variance to hang a limit order or hat onto, just a uptrend that is opposed to what each of the technicals are telling us, when we look into their windows. Big money has yet to hit the market yet. The three hour chart might offer more clarity on current conditions.
The three hour chart's indicators are more comfortable with the greater trend. They will allow a excuse to enjoy that trend, with each being below their centerlines. What money is on the market has moved the EUR/USD down, the greater trend, your good friend, is on your side though, as well as the lagging technicals on the three hour.
4:30am est GBP
Final GDP q/q Forecast 0.3% Previous 0.3%
EUR/USD- The Greater Trend, Your Good Friend
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