» EUR/USD - Euro Dollar, Asian Session - 31/01/08

EUR/USD - Euro Dollar, Asian Session - 31/01/08

1,4858. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. There is an horizontal range between 1,4815 and 1,4900. Support and resistance are given by Bollinger bands. The volatility is high. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should find a resistance below 1,4900. If the resistance is broken then the target will be 1,5000.
Resistances
1,4880 - 1,4910
Supports
1,4815 - 1,4750

Source : EUR USD

This entry was posted on Thursday, January 31st, 2008 at 22:43 and is filed under EUR USD. 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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