By: Bradley C. Smith
With the trend able to bend the daily chart's Bollinger Bands, Full Stochastics, StochRSI and RSI, it best to trade with it. Today's largest news item for this pair also helping the greater trend, should also help convince you to trade with it, today at least.
The technical indicators give a idea about the sentiment of traders, they do not tell the future. They are often based on averages and will creep back to their centerlines even though the trend has long been moving up or down.
The three hour chart does not want to wait for the good USD new today. Sadly, it might be many hours before there will be a clear high spike on this chart to short and then ride down.
8:30am est USD
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