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EUR/USD - Euro Dollar

EUR/USD - Euro Dollar

Short term (Intraday)

1,2042. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The price is just bellow 1,2070 resistance. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf trend indicator) is in a bearish configuration. The price should continue to move in 1,1900 / 1,2070 range.
=> We could take a short position at 1,2050. We will put the stop loss above 1,2080 (-30 pips). The targets are 1,2000 (+50 pips) 1,1950 (+100 pips) 1,1900 (+150 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 1.

Medium term (Daily)

EUR USD is in an downtrend directed by daily exponential moving averages. The volatility rises. Bollinger bands are parallel and form the trend. ForexTrend daily (Mataf trend indicator) is in a bearish configuration. The downtrend should continue to gather momentum.

Long terme (Weekly)

EUR USD broke the uptrend to begin a bearish movement. The volatility decreases. Bollinger bands are parallel and form the trend. The downtrend should continue to gather momentum. The target is expected at 1,1500.
Resistances
1,2060 - 1,2080
Supports
1,2030 - 1,2020 - 1,2010 - 1,2000
updated 21 oct 2005 10:25 GMT +02:00

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