By: Bradley C. Smith
No forecastable heavy news for the EUR/USD, means we can look to price action and technical indicators, to learn where this pair will turn today. Technicals have only the StochRSI above a centerline, their vote is a up day, 3 to 1. Price action is still showing comfort around 1.2300. Price action also jumped up on the weeks open, that agrees with the technicals.
With the around 75 pip pop up at the week's start, each of the four technicals found on this chart, are still not above their centerlines. This pair can continue to climb it appears, for the short term. Calm price action with technicals wanting to move up on the daily chart combined with room to rise on the three hour chart, could mean a long EUR/USD position if you choose to open one today.
