Euro Dollar (EUR/USD) - 08/05/2008 - Archive

EUR/USD - Euro Dollar

EUR/USD - Euro Dollar

Short term (Intraday)

1,5318. EUR USD broke 1,5365 support. EUR USD is in an downtrend directed by 4H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue on 1,5220 (100 pips) support.

Resistances
1,5365 - 1,5410
Supports
1,5285 - 1,5220
updated 08 mai 2008 05:56 GMT +02:00

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