Euro Dollar (EUR/USD) - 09/05/2008 - Archive

EUR/USD - Euro Dollar

EUR/USD - Euro Dollar

Short term (Intraday)

1,5417. 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 decreases. Bollinger bands are tightened. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum.
=> We could take a short position at 1,5420. We will put the stop loss above 1,5470 (-50 pips). The targets are 1,5300 (+120 pips) 1,5220 (+200 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances
1,5425 - 1,5470
Supports
1,5380 - 1,5330
updated 09 mai 2008 06:11 GMT +02:00

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