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EUR/USD - Euro Dollar

EUR/USD - Euro Dollar

Short term (Intraday)

1,4858. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. There is an horizontal range between 1,4815 and 1,4900. Support and resistance are given by Bollinger bands. The volatility is high. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should find a resistance below 1,4900. If the resistance is broken then the target will be 1,5000.

Resistances
1,4880 - 1,4910
Supports
1,4815 - 1,4750
updated 31 janv 2008 21:43 GMT +02:00

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