Euro Dollar (EUR/USD) - 08/02/2008 - Archive

EUR/USD - Euro Dollar

EUR/USD - Euro Dollar

Short term (Intraday)

1,4479. 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 decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. 1H ForexSto (Modified Stochastic) crosses and gives a negative signal. The price should find a support above 1,4450. The consolidation should continue. If the support is broken then the target will be 1,4300.

Resistances
1,4500 - 1,4550
Supports
1,4440 - 1,4400
updated 08 févr 2008 06:01 GMT +02:00

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