EUR/USD, Technicals Agree with a Old Friend

By: Bradley C. Smith

With the world carrying no news of note for this pair today, we look to the four technicals behind their windows for wisdom. Each is floating high, which tells us that sentiment has been decidedly down on the Dollar. Could a retracement and rest be due for America's only currency? Let's look at a smaller time frame, yet one that is free from noise.

Bollinger Bands and StochRSI foretell of a up day, while the Full Stochastics are at their centerline and the conservative RSI say a down day is due for the EUR/USD. The vote has this pair up at the end of the day, which agrees with our old friend, the trend.

EUR/USD- Technicals Agree with a Old Friend