EUR/USD - Euro Dollar, American Session - 15/04/08
1,5798. EUR USD is in a range between 1,5675 and 1,5900. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,5675 / 1,5900 range. We won’t take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 1,5815 - 1,5900
- Supports
- 1,5785 - 1,5675
This entry was posted on Tuesday, April 15th, 2008 at 16:07 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.
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