Euro Dollar (EUR/USD) - 07/05/2008 - Archive

EUR/USD - Euro Dollar

EUR/USD - Euro Dollar

Short term (Intraday)

1,5430. EUR USD broke 1,5480 support. EUR USD is in an downtrend directed by 4H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,5400. The price should consolidate. If the support is broken then the target will be 1,5230 (100 pips).

Resistances
1,5450 - 1,5520
Supports
1,5410 - 1,5380
updated 07 mai 2008 13:14 GMT +02:00

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