Euro Dollar (EUR/USD) - 25/01/2008 - Archive

EUR/USD - Euro Dollar

EUR/USD - Euro Dollar

Short term (Intraday)

1,4734. EUR USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. 1H ForexSto (Modified Stochastic) crosses and gives a negative signal. The consolidation should continue. The price should continue to move in 1,4650 / 1,4780 range. If the resistance is broken then the target will be 1,4900. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,4780 - 1,4860 - 1,4900
Supports
1,4700 - 1,4650
updated 25 janv 2008 05:30 GMT +02:00

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