By: Bradley C. Smith
Three technicals on the EUR/USD are slightly above the centerline. The Bollinger Bands, Full Stochastics, and RSI are saying there is a likely gently down moving trading day in store for the 24th. The StochRSI is slightly below it's centerline, it's hopes for the EUR/USD's movement are overpowered by the other three I feel though. Price action shows nothing but resistance around 1.4850 and 1.4500 in recent days.
All four technicals put to the three hour charts are above their centerlines. This supports the one day charts showing a likely downtrending trading day. They are not far from center though, don't worry or hope for any wild movements other than those related to the news bits below.
4:00am est EUR
German Ifo Business Climate Forecast 92.6 Previous 91.9
8:30am est
USD Prelim GDP q/q Forecast 2.9% Previous 3.5%
10:00am est
USD CB Consumer Confidence Forecast 47.6 Previous 47.7
2:00pm est
USD FOMC Meeting Minutes
