By: Bradley C Smith
The EUR/USD's Bollinger Bands and RSI and centerlined and the StochRSI and Full Stochastic are looking for a excuse to move downward. Price action seems to not want to allow that excuse but would rather allow the march upward for the Euro to continue. Both heavy news items tomorrow look beneficial for the dollar, I think the price action will be overruled.
All four indicator windows on the three hour chart reveal a pair ready for a upward jump. The news being released early in the U.S. trading session might not allow that. Do not open any longs on this pair due to the news and keep the stop-losses tight if you are shorting, this pair has already gone down quite far recently.
8:30am est USD
Core CPI m/m Forecast 0.1% Previous 0.0%
9:55am est USD
Prelim UoM Consumer Sentiment Forecast 73.8 Previous 72.5
