By: Bradley C. Smith
The uneventful open to this week, keeps the price action still asking for a move upward. Bollinger bands and RSI are voting for a move upward while the Full Stochastic and StochRSI windows are voting for a move downward. I feel the huge recent move downward breaks the tie by invoking a likely retracement upward.
A range bound three hour chart has it's four indicator windows below their centerlines. That supports the move upward also. No weighty news releases will move this pair today, just fundamentals and technicals.
