Euro Dollar (EUR/USD) - 05/02/2008 - Archive

EUR/USD - Euro Dollar

EUR/USD - Euro Dollar

Short term (Intraday)

1,4648. EUR USD broke 1,4750 support. EUR USD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue to gather momentum. The target is expected at 1,4500 (150 pips).

Resistances
1,4690 - 1,4750
Supports
1,4620 - 1,4500
updated 05 févr 2008 22:02 GMT +02:00

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