By: Bradley C. Smith
The technicals' take on the trend is in sync with a retracement. The tower formed late last week, was followed by the movers of the market opening this week, by putting the EUR/USD into a downward direction. Each technical indicator agrees with this and there is no news of note today to negate this.
Technicals are all over their windows on the three hour chart. There is no need to wait for news today. Those with enough money to move this pair, are moving it down on the charts. Choose a candle that closes up, or any other situation that suits you to ride the retracement, if you would like to.
