EUR/USD, to be Found, Range-Bound

By: Bradley C. Smith

Having explored the benefits of going high and low this week, the EUR/USD is still showing a range-bound aptitude. Lack of any heavy news to punch this pair in one direction will leave it to the slight uptrend that the technicals disagree with. Looking to the four windows that hold different ways to judge traders' sentiment, they each clearly are saying the EUR/USD, though range-bound is going to end this day down.

Less clear, with one below it's centerline and the others only slightly above theirs. The three hour chart still agrees with the daily's determination. If it is to be range-bound today, the day will likely end down.