EUR/USD - Euro Dollar, American Session - 28/04/08
1,5626. EUR USD is in a consolidation after the last bearish movement. There is an horizontal range between 1,5590 and 1,5700. Support and resistance are given by Bollinger bands. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should find a support above 1,5600. The consolidation should continue. We won’t take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 1,5700 - 1,5840
- Supports
- 1,5625 - 1,5570
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