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EUR/USD - Euro Dollar

EUR/USD - Euro Dollar

Short term (Intraday)

1,4826. EUR USD is in a consolidation after the last bearish movement. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in Bollinger bands. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,4850 - 1,4910
Supports
1,4790 - 1,4750
updated 04 févr 2008 14:13 GMT +02:00

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