1,5468. 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 flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,5500. The downtrend should continue to gather momentum.
=> We could take a short position at 1,5480. We will put the stop loss above 1,5530 (-50 pips). The targets are 1,5400 (+80 pips) 1,5300 (+180 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

updated 05 mai 2008 13:50 GMT +02:00