For: (Daily)

EUR/USD closed higher Thursday.

The high range close sets the stage for a steady to higher open Friday.

Stochastics and the are Neutral to indicating that a low might be in or close.

If the single currency extends the rally, the August high crossing is the next Northside target.

Closes below the reaction low crossing will confirm that a short term top has marked.


Technical analysis is a method of forecasting price movements by looking at purely -generated data. Price data from a particular is most commonly the type of information analyzed by a technical trader

Stay tuned…