Euro Dollar (EUR/USD) - 07/02/2008 - Archive

EUR/USD - Euro Dollar

EUR/USD - Euro Dollar

Short term (Intraday)

1,4481. EUR USD is in an downtrend directed by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, 4H (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 1,4400 (80 pips).

Resistances
1,4500 - 1,4550
Supports
1,4440 - 1,4400
updated 07 févr 2008 21:48 GMT +02:00

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