By: Bradley C. Smith
The EUR/USD's daily chart price action is indicative of a slight retracement to at least around 1.5050. The Bollinger Bands, Full Stochastics, StochRSI and RSI do not have any argument against that and support it a bit.
All four technicals on the EUR/USD's three hour chart have jumped far above the centerline and are likely to bring the price down or keep it around 1.5050 for November 30th. The psychological magnetism and the indicators should have the 30th end around 1.5050. The only bit of hard news for this pair today is below. It has been forecast to go against the dollar but should not be strong enough to change the minds of all those around the world who trade this pair, to have the EUR/USD stray far from 1.5000 today.
9:45am USD est Chicago PMI Forecast 53.4 Previous 54.2
