By: Bradley C. Smith
Bollinger Bands and StochRSI are riding high, while the RSI and Full Stochastics are in the mid-range. Price action does not reveal anything significant. A slight downward movement is the only thing the four technicals this EUR/USD's daily chart will reveal, how generous of them.
Does the three hour chart offer anything with more weight? All indicators are just above their centerline. On each chart the indicators, entrusted to guide us, have been asleep. A range bound day, according to them, will likely happen. Oops, almost forgot to mention the unemployment claims that will hit the USD heavily, when big money is on the market. The forecast is not looking good for the dollar but it is still close enough that it could be incorrect. Watch closely and ride that news for a few pips to see if you can make something of the day.
8:30am USD est
Unemployment Claims Forecast 449K Previous 432K
