Euro Dollar (EUR/USD) - 06/05/2008 - Archive

EUR/USD - Euro Dollar

EUR/USD - Euro Dollar

Short term (Intraday)

1,5507. EUR USD is in an downtrend directed by 4H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are parallel and form the trend. Oscillators are neutral. The price should continue to move in 1,5400 / 1,5560 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,5540 - 1,5560
Supports
1,5485 - 1,5450
updated 06 mai 2008 06:02 GMT +02:00

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