By: Bradley C Smith
The dollar again defies price action on the EUR/USD daily chart. Wrapped around it's 1.4350 support and defying the Bollinger Bands, Full Stochastics, StochRSI and RSI indicators, it seeks new strength against the Euro while waiting for the good existing home sales numbers forecast for the United States on the 22nd to gain even more.
All indicators except the StochRSI on the EUR/USD's three hour chart are asking for a move upward. They are all likely to be overridden by the trend, sentiment around the world and the existing home sales numbers tomorrow. Shorting the highs given by the EUR/USD pair on the 22nd is a safe trade.
10:00am USD est
Existing Home Sales Forecast 6.29M Previous 6.10M
