Tuesday, January 29, 2008

EUR USD

Short term (Intraday)
1,4760. EUR USD is in a consolidation after the last bullish movement. EUR USD is in a range between 1,4660 and 1,4800. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,4800 - 1,4900
Supports
1,4750 - 1,4670

1 comment:

Go Out said...

Cool info!
so amusing ^^!