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EUR/USD - Euro Dollar

EUR/USD - Euro Dollar

Short term (Intraday)

1,4615. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility rises. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,4600. If the support is broken then the target will be 1,4500 (110 pips).

Resistances
1,4650 - 1,4700
Supports
1,4600 - 1,4500
updated 07 févr 2008 06:06 GMT +02:00

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