By: Bradley C. Smith
Price action on the one day charts wants some down trend action to take place. Bollinger Bands, Full Stochastics, StochRSI and RSI all agree but not strongly. I feel the 1.5000 level will hold November 16th and easily.
All four technical indicators the three hour charts enjoy are flying high over the centerline and are likely ready for a retracement. That retracement, if combined with the gentle down trend the 1 day chart's technicals and price action speak of, will ensure the 1.5000 level will hold. A easy trade is any short made if the EUR/USD jumps up high briefly on the 16th.
