Euro Dollar (EUR/USD) - 15/02/2008 - Archive

EUR/USD - Euro Dollar

EUR/USD - Euro Dollar

Short term (Intraday)

1,4640. EUR USD broke 1,4610 resistance. EUR USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The consolidation should continue. The price should find a resistance below 1,4660. If the resistance is broken then the target will be 1,4800. 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 15 févr 2008 06:03 GMT +02:00

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