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

EUR/USD - Euro Dollar

EUR/USD - Euro Dollar

Short term (Intraday)

1,5645. EUR USD is in a consolidation after the last bearish movement. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,5600. The consolidation should continue. If the support is broken then the target will be 1,5400.
We are waiting for a break of support to take a short position.

Resistances
1,5670 - 1,5730
Supports
1,5615 - 1,5600
updated 07 juil 2008 12:31 GMT +02:00

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