By: Bradley C. Smith
With the Bollinger Bands, Full Stochastics, StochRSI and RSI saying the same thing on the one day EUR/USD chart, it seems like that pair is due for a retracement after yesterday's jump over the 1.5000 hurdle. The recent up and down price pattern of the pair on this chart is likely to have the same thing in store. The technicals on the three hour chart are straying far above their centerlines and are due for a fall back to earth. The 1.5000 level has shown good support in recent weeks and I feel the EUR/USD will fall to it November 26th and it will be a new line of support.