By: Bradley C. Smith
Lack of great news to guide the EUR/USD on the daily graph, has us turn to the technicals. Bollinger Bands, Full Stochastics, StochRSI and RSI still are all in agreement that this pair is overbought and ready to roll down any day. The trend is up however and going against that is intensely ill-advised.
Overbought, with no news to help nudge this pair down. Though each indicator is high in it's window, the trend is going up as well. How can one enjoy that trend? When the pair finds a excuse to shoot downward for around three hours, that is the time to go long, because you know that large movement downward will likely be swallowed up by the uptrend in the coming hours. Trade at your own risk, of course.
