By: Bradley C. Smith
The daily chart for the EUR/USD has kept the four technicals committed to it, grounded and begging for upward movement again. Bollinger Bands, Full Stochastics and RSI are each asking the pair for the same thing price action will easily allow. Only the StochRSI will disagree, it wants the RSI to stay down for a bit longer. With the low volume at the end of the year, December 31st will likely be a range bound day, trade at your own risk.
The three hour charts has it's four technicals wrapped around their centerlines and committed to another range bound day of low volume. Unemployment news for the dollar is going to hit hard, be ready for a jump in this pair around 8:30am est if the forecast is correct, I would stay awake though.
8:30am USD est
Unemployment Claims Forecast 460K Previous 452K
