Monday, January 28, 2008

Technical Analysis

EUR/USD - Euro Dollar
Short term (Intraday)
1,4676. EUR USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The consolidation should continue. The price should continue to move in 1,4650 / 1,4800 range. If the support is broken then the target will be 1,4550.

Resistances
1,4705 - 1,4780
Supports
1,4650 - 1,4550

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