EUR/USD, Uptrend and Forecasts Agree Today

By: Bradley C. Smith

Each technical indicator on the EUR/USD's daily chart is pinned to the top of it's window. Two of the three new hardest hitting news releases for this pair are forecast to hurt the Dollar today. That will help the trend however. The technicals have told us this pair is overbought for many days, the trend however is our friend for a reason. The news forecasts also agreeing with the trend today, should make the direction of any new trades opened clear.

The three hour chart will meander and stray more than the daily. Do not be swayed by it's movement, the trend and forecasts agree today. Technical indicators are lagging.

8:30am est USD
Core CPI m/m                                                  Forecast 0.1%                          Previous 0.1%

9:00am est USD
TIC Long-Term Purchases                                Forecast 35.7B                        Previous 83.0B

9:55am est USD
Prelim UoM Consumer Sentiment                     Forecast 74.2                           Previous 76.0


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.