EUR/USD - Euro Dollar, American Session - 16/04/08
1,5958. EUR USD broke 1,5900 resistance. EUR USD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are deviated. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a support above 1,5900. The uptrend should continue to gather momentum. The target is expected at 1,6400.
- Resistances
- 1,5970 - 1,6000
- Supports
- 1,5920 - 1,5900
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