Euro Dollar (EUR/USD) - 22/01/2008 - Archive

EUR/USD - Euro Dollar

EUR/USD - Euro Dollar

Short term (Intraday)

1,4435. EUR USD is in an downtrend directed by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,4400. The price should consolidate. If the support is broken then the target will be 1,4320. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,4500 - 1,4600
Supports
1,4400 - 1,4350
updated 22 janv 2008 05:54 GMT +02:00

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