By: Bradley C. Smith
The EUR/USD's Bollinger Bands, do not offer much volatility to move the price away from the range bound forecast the Full Stochastics, StochRSI and RSI offer. Price action however is pleading with the pair for a significant move upward, to a stable area around 1.4950.
Each indicator on the three hour chart would like a move upward also, only the Bollinger Bands disagree. Price action on the Three hour chart shows a gentle flow upward but nothing decisive.
There is no forcastable news coming out December 7th, the events below will likely have a effect on this pair though.
8:00am EUR est
ECB President Trichet Speaks
12:00pm USD est
Fed Chairman Bernanke Speaks
