The Next Move ... Part 2

We ended up getting whipsawed quite a bit yesterday, but it appears that the EUR/USD is still trying to push higher.  Some of our studies are in conflict today.  This always means caution is our primary focus.  We need to see a clean break above 1.3210 to trigger the next run up in the EUR.  With the current price around 1.3200, and support at 1.3175, we will wait to see clear direction in this market.

There is some event risk today. In the US there are initial claims and personal income and spending numbers at 13:30 GMT. The consensus is for a slight drop in initial jobless claims.  Be prepared for a market reaction to whatever number comes out.