EUR/USD - Euro Dollar, European Session - 09/05/08
1,5417. EUR USD is in an downtrend directed by 4H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum.
=> We could take a short position at 1,5420. We will put the stop loss above 1,5470 (-50 pips). The targets are 1,5300 (+120 pips) 1,5220 (+200 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
=> We could take a short position at 1,5420. We will put the stop loss above 1,5470 (-50 pips). The targets are 1,5300 (+120 pips) 1,5220 (+200 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
- Resistances
- 1,5425 - 1,5470
- Supports
- 1,5380 - 1,5330
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