By: Bradley C. Smith
The StochRSI wants to keep the RSI down, the price is low in the Bollinger Band and the Full Stochastic is mid-ranged. The forecasts for the hard hitting news items for the EUR/USD tomorrow are looking good for the dollar and that is line with the trend, your friend.
The three hour chart does not offer any highs to short in anticipation of the likely downward movement of this pair on the sixth. Each of the four indicators is far below it's center area. Today any retracement will likely be kept small due to the two strong news items coming out in favor of a strong dollar.
8:15am USD est
ADP Non-Farm Employment Chang Forecast -74K Previous -169K
10:00am USD est
ISM Non-Manufacturing PMI Forecast 50.5 Previous 48.7
