EUR/USD- Trend will not Bend

By: Bradley C. Smith

A forecast favoring the Dollar seeks to bring the EUR/USD down. That forecast along with the less volatile technicals disagree with trend. Today the trend will be unlikely to bend however, there is not enough powerful news releases to make that happen.

The week's open viewed on the three hour chart shows that big money wants this pair to push upward. Each technical on this chart disagrees. Again though, there is not enough news in this slow summer trading time to bend this trend today I feel. Take my words with a grain of salt and add them to your own analysis.

10:00am est USD
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EUR/USD Technical Analysis- Trend will not Bend