By: Bradley C Smith
London and Canada are taking the day off, so liquidity and spreads might not be the same for many brokers, be careful when entering a trade. No hard hitting news for the EUR/USD pair is released today also. Bollinger Bands, Full Stochastics and RSI are ready still for a move upward. The StochRSI is supporting the RSI's current position. Price action shows stability at the current price point so the technicals are the only thing to go on and they say a move upward is likely, however small, on the daily chart.
The EUR/USD's three hour chart has the four indicators spoken about above ready for a move downward today. Price action on the three hour chart shows stability around 1.4300. When all is taken into account for today's action, I feel it will be a range bound day.
