by: Bradley C. Smith
Each technical indicator being below it's centerline has a chance to enjoy enforcing it's desire in continuing the upward retracement that began late last week. The lack of heavily weighted news being released today will allow this.
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The EUR/USD's three hour chart at the week's open showed it's intentions to rise immediately, and is now flatlined, hesitant to move farther down after such a great descent in recent weeks.
With the lack of hard hitting news and great range in the week's open, today will be range-bound and a fantastic opportunity to practice trading methods in such market conditions.
With the lack of hard hitting news and great range in the week's open, today will be range-bound and a fantastic opportunity to practice trading methods in such market conditions.