EUR/USD, technicals offer a down-Day

By: Bradley C. Smith

Only the volatile StochRSI is against a run down for the EUR/USD. Bollinger Bands, Full Stochastics and RSI, each support it. All different ways of analyzing market sentiment. A ill-forecast for the Euro could also potentially help move this pair down, if lagging technicals are not enough.

A timeframe free from most noise and each indicator is ready to roll the EUR/USD down the hill today. The three hour chart's technicals are unanimous in their desire to take the “Euro” down.

4:00am est EUR


German Ifo Business Climate                Forecast 101.5             Previous 101.8


Did you like what you read? Let us know what you think!

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

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.