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EUR/USD - Euro Dollar

EUR/USD - Euro Dollar

Short term (Intraday)

1,1982. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The price is just bellow 1,2050 resistance. The volatility is low. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) crosses and gives a negative signal. The uptrend seems to be finished. The trend should reverse.
=> We could take a short position at 1,1985. We will put the stop loss above 1,2015 (-30 pips). The targets are 1,1900 (+85 pips) 1,1845 (+140 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 1.

Resistances
1,2000 - 1,2020 - 1,2030
Supports
1,1970 - 1,1905
updated 15 déc 2005 06:43 GMT +02:00

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