EUR/USD - Euro Dollar
Short term (Intraday)
1,5703. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,5700 / 1,5680. If the support is broken then the target will be 1,5650. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,5730 - 1,5770
Supports
1,5680 - 1,5650
Long term chart
EUR/USD - Euro Dollar

updated 09 avr 2008 06:03


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