Euro Dollar (EUR/USD) - 08/07/2008 - Archive

EUR/USD - Euro Dollar

EUR/USD - Euro Dollar

Short term (Intraday)

1,5704. EUR USD is in a range between 1,5615 and 1,5750. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Oscillators are neutral. The price should continue to move in 1,5615 / 1,5750 range. If the support is broken then the target will be 1,5600. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,5750 - 1,5780
Supports
1,5680 - 1,5615
updated 08 juil 2008 11:58 GMT +02:00

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