Forex Daily Forecast, Analysis and Prediction

After severe sell off, EUR-USD is approaching critical support level at 1.2630, low reached during 2008 financial panic.

The trend, being your friend, is best adhered to when it is this strong.

Two news items related to retail sales that have been forecast to run afoul of the current trend are due to be put to the EUR/USD today.

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.

The “market movers” have their name for a reason. Trading against the trend is something many traders never do, here you can see why.

The EUR/USD's daily chart dives deeper down, despite what each of the four technical indicators put to it have said.

Bears are taking control despite the fact that there were signs of bulls recovery.

The EUR/USD's rise at the week's open is in line with the desire of each of the indicators that have long been dragged across the bottom of their windows.

With non-farm employment change looking good for the Dollar, the EUR/USD will likely continue the downward trend.

The daily chart that the EUR/USD is put to has for many days had indicators that remind us that technicals lag.

Two strong news items will surely trump the story the lagging technicals will tell today, to any traders who wish this pair to move upward.

All of the four technicals on the EUR/USD's daily chart agreeing with price action, for a brief upward swing for some pressure relief before continuing the downtrend.

Bollinger Bands, Full Stochastics, StochRSI and RSI, all each decidedly determined to bring the EUR/USD up despite the slight downtrend it is enjoying.

Technicals will not disagree with the rise that might come today, from the ill forecast on such a major piece of news, for the Dollar's side of this pair. Bollinger Bands, Full Stochastics, StochRSI and RSI are each following the trend as lagging indicators would. Large news items like today's are what change things like this though.

The trend and today's forecast for unemployment claims bodes well for the Dollar. Bollinger Bands, Full Stochastics, StochRSI and RSI have been idling below their centerlines waiting for a excuse to rise, yet none has come along.