By: Bradley C. Smith
Each of the four technicals except the StochRSI the daily EUR/USD chart enjoys is asking for a move upward. The Bollinger Bands, Full Stochastics and RSI each are in line with a retracement that the price action looks like it would support. The trend is your friend though remember, I would still short the highs and ride it for all it is worth.
No highs on the three hour chart anytime soon, maybe later on the 30th. Each of the four indicators is far below the centerline and the Chicago PMI will have to be awful for the dollar to create a high to short to ride the trend down further down.
9:45am USD est
Chicago PMI Forecast 55.2 Previous 56.1
