With the good and bad news canceling each other out for the Dollar, the Euro's news is left guiding the EUR/USD upward. Bollinger Bands, Full Stochastics, StochRSI and RSI, all being dead on the floor of their respective windows, will not disagree and enjoy the lift from what they see as a oversold pair.
The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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New support and resistance levels are created, narrow trading range is valid between 1.3495 and 1.3415 price levels.
The technicals are trumped today on the EUR/USD by three mammoth news items, all favoring the Dollar.
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The price action showing a wave pattern undulating upward supports a buy. Bollinger Bands, Full Stochastics, StochRSI and RSI each below their centerlines show sentiment could be oversold a bit
Centerlined technical indicators help us turn to the news to aid us in finding where the EUR/USD charts will flow today.
This Forex technical analysis piece discusses the Forex market's major pairs and their latest trends.
This Forex technical analysis discusses the latest trends in the US Dollar.
This Forex technical analysis piece analyzes the EUR/GBP pair.
This Forex technical analysis piece analyzes the EUR/USD pair and shows how the bulls are ahead.
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This Forex technical analysis piece analyzes the EUR/USD pair and its sinking sentiment.
This Forex technical analysis piece analyzes the EUR/USD pair and its short term upswings.
This Forex technical analysis piece analyzes the EUR/USD and USD/JPY major Forex pairs.
Today we must turn to the technicals to see where they will take the EUR/USD pair.
This Forex technical analysis piece analyzes the EUR/USD and AUD/JPY major Forex pairs.
This Forex technical analysis piece analyzes the EUR/USD pair and the trade balance release.