EUR/USD, Forecasts Foretell of a Fine Future for the USD

By: Bradley C. Smith

Bollinger Bands, Full Stochastics, StochRSI and RSI are unanimous in their decision for the remaining 24 hours after this screenshot was taken, down. The four technicals safe behind their windows are in on a secret though. Three news releases all forecast to favor the Dollar.

A steady uptrend will be tampered with today. The technicals on the three hour chart tell a tale of a tumble downhill long overdue for the the EUR/USD. The forecasts below foretell of a fine future for the USD. The news might help the last two daily candles that closed up, get their retracement done, with a daily candle that closes down.

8:30am est USD
PPI m/m                                                                      Forecast -0.2%            Previous -0.3%

8:30am est USD
Unemployment Claims                                               Forecast 448K             Previous 454K

10:00am est USD
Philly Fed Manufacturing Index                                Forecast 10.2               Previous 8.0


EUR/USD- Forecasts Foretell of a Fine Future for the USD

Comments

Did you have a good experience with this broker? A bad one? Tell our team and traders worldwide about your experience in our User Reviews tab. Your email address will not be posted.

exclamation mark

Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate will also be removed.

0 User comments
Add Comment

exclamation mark

Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate will also be removed.

Read more
Add new comment
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.