Forex (foreign exchange) Currency trading

You
GMT
London
New York
Tokyo

EUR/USD - Euro Dollar

EUR/USD - Euro Dollar

Short term (Intraday)

1,5636. EUR USD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue to gather momentum. The price should find a support above 1,5600. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,5665 - 1,5720
Supports
1,5620 - 1,5600
updated 07 juil 2008 06:13 GMT +02:00

Receive free alerts by email when technical analysis are updated.

Latest technical analysis

Forex Forum

English
Français