By: Bradley C. Smith
The RSI, StochRSI, Full Stochastic and Bollinger Bands all have the same verdict on the daily chart. They agree the EUR/USD should move down a bit, I feel to the 1.4900 range. However the 1.5000 level has been held long enough that it might be ready be broken threw or keep the day range bound. Lets see what insight the three hour charts have to offer us for the short term.
The RSI and Full Stochastic's potential downward movement is countered by the Bollinger Band's and StochRSI's potential upward movement.
For November 11th, a bank holiday in the united states, having no drastic movement in the technical indicators or price action and with 1.5000 being a huge psychological boundary, I predict a range bound day.
