UR/USD - Euro Dollar
Short term (Intraday)
1,5808. 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 1,5790. The uptrend should continue to gather momentum.
=> We could take a long position at 1,5800. We will put the stop loss below 1,5750 (-50 pips). The targets are 1,5900 (+100 pisp) 1,6000 (+200 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances
1,5820 - 1,5860
Supports
1,5790 - 1,5750
Long term chart
EUR/USD - Euro Dollar

updated 31 mars 2008 14:16 GMT



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