Euro Dollar (EUR/USD) - 21/02/2008 - Archive

EUR/USD - Euro Dollar

EUR/USD - Euro Dollar

Short term (Intraday)

1,4729. EUR USD is in a range between 1,4625 and 1,4750. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,4735 - 1,4750
Supports
1,4690 - 1,4625
updated 21 févr 2008 06:41 GMT +02:00

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