By: Bradley C. Smith
The trend, being our friend on the EUR/USD, combined with a forecast favoring the Dollar's side of this pair, should help continue the downward dive. Bollinger Bands, Full Stochastics, StochRSI and RSI are unable to foresee the future, take that into account when looking at the news forecast today.
The tight range this pair has had during the last day, easily seen on this three hour chart, will surely change when the unemployment claims news is announced. The forecast favors the trend and as a result it is justifiable to attempt to ride for profit.
8:30am est USD
Unemployment Claims Forecast 440K Previous 444K
