EUR/USD - Euro Dollar, European Session - 13/05/08
1,5522. EUR USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,5560. The consolidation should continue. We won’t take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 1,5570 - 1,5640
- Supports
- 1,5490 - 1,5400
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