Euro Dollar (EUR/USD) - 14/02/2008 - Archive

EUR/USD - Euro Dollar

EUR/USD - Euro Dollar

Short term (Intraday)

1,4640. EUR USD is in a consolidation after the last bullish movement. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are parallel and form the trend. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The consolidation should continue. The price should find a resistance below 1,4660. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,4660 - 1,4700
Supports
1,4600 - 1,4540
updated 14 févr 2008 21:56 GMT +02:00

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