Euro Dollar (EUR/USD) - 29/01/2008 - Archive

EUR/USD - Euro Dollar

EUR/USD - Euro Dollar

Short term (Intraday)

1,4776. EUR USD is in a consolidation after the last bullish movement. EUR USD is in a range between 1,4660 and 1,4800. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The consolidation should continue. The price should find a resistance below 1,4800. If the resistance is broken then the target will be 1,4900 (125 pips).

Resistances
1,4800 - 1,4900
Supports
1,4750 - 1,4670
updated 29 janv 2008 21:52 GMT +02:00

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