By: Bradley C. Smith
Recent one day chart price action for the EUR/USD has show the pair has a affinity for the 1.4920 area. With no hard hitting news for this pair on November 20th the EUR/USD is likely to stay surely under the 1.5000 line. With the Bollinger Bands, Full Stochastics, StochRSI and RSI gently hinting at a movement downward, the week should end around 1.4900 I feel.
That is how I feel, lets see what the three hour charts say, with their technicals added, about the week's ending price. Each technical is mute. Each indicator is wrapped around it's centerline. Price action this week has shown resistance around 1.4950 and that supports what the technicals and price action say on the one day charts. That is that the week should end around 1.4900, ready for another likely waltz around 1.5000 next week.
