By: Bradley C. Smith
No heavy news, means the technicals have taken over again today. Only the StochRSI rests at it's centerline, each of the others, being less conservative is enjoying the recent downtrend in the EUR/USD's daily chart. The trend, as the saying goes, is supposed to be your friend. Before you jump into any trade, lets see if the three hour timeframe agrees.
Idling along, the price action of the three hour chart is waiting to be lifted by each of it's four low technical indicators. Each of the indicators on the daily chart that has parted ways with it's centerline is also below it's centerline. A gentle upward ranging market is likely today, so say the technicals.
