Bollinger Bands, Full Stochastics, StochRSI or RSI are straying far enough

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 By: Bradley C. Smith

None of the four indicators, Bollinger Bands, Full Stochastics, StochRSI or RSI are straying far enough above their centerlines to demand a drastic movement of the EUR/USD on December 4^th. Price action does not deliver any certain signals for me on the 4^th.

            All four technicals the three hour chart enjoys are far below their centerlines and ready to send the dollar further down in value. Price action on the three hour chart might be asking for a slight move upward but nothing solid enough for me to put a stamp on.

            Daily and three hour charts contradict and show nothing solid enough for me to open a sure footed trade on. The hard hitting news for this pair on the 4^th with a forecast that differs, looks good for the dollar. If you must trade, the Non-Farm Employment Change changes the balance, short the highs the three hour chart's price action and technicals might bring tomorrow before the Non-Farm Employment Change.

Non-Farm Employment Change                        Forecast -119K            Previous -190K

8:30am USD est

Unemployment Rate                                         Forecast 10.2%            Previous 10.2%