EUR/USD - Euro Dollar, European Session - 23/05/08
1,5725. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,5700. The uptrend should continue to gather momentum.
=> We could take a long position at 1,5725. We will put the stop loss below 1,5680 (-45 pips). The targets are 1,5800 (+75 pips) 1,5870 (+145 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
=> We could take a long position at 1,5725. We will put the stop loss below 1,5680 (-45 pips). The targets are 1,5800 (+75 pips) 1,5870 (+145 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
- Resistances
- 1,5745 - 1,5800
- Supports
- 1,5700 - 1,5680
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