By: Bradley C. Smith
The downward direction for the EUR/USD will continue if the Unemployment Claims forecast is on the correct side of the release today for the Dollar's strength. Each technical indicator is far below it's centerline and would like to disagree with the direction but remember they are all lagging indicators and this is a powerful news item.
Trade only after the unemployment numbers are released, that release will define the day for the EUR/USD. The three hour chart is already far down, the claims if lower, will allow this pair to go down further.
7:30am est USD
Unemployment Claims Forecast 452K Previous 457K
