» EUR/USD - Euro Dollar, American Session - 07/05/08

EUR/USD - Euro Dollar, American Session - 07/05/08

1,5430. EUR USD broke 1,5480 support. EUR USD is in an downtrend directed by 4H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,5400. The price should consolidate. If the support is broken then the target will be 1,5230 (100 pips).
Resistances
1,5450 - 1,5520
Supports
1,5410 - 1,5380

Source :

This entry was posted on Wednesday, May 7th, 2008 at 15:14 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply

Forex Forum

English
Français