Invest Tech FX
Pair Menu
Select Pair
arr_blue
Global Interest Rates
Australia 3%
Canada 0.25%
EMU 1%
Japan 0.1%
Swiss 0.25%
England 0.5%
US 0.25%
Forex News
Subscribe Now
Advertisements

Technicals

EUR/USD - Euro Dollar, European Session - 12/02/08

12 Feb, 2008 @ 01:11 am ET
  • Comments comments
  • 0
  • Votes ?

1,4531. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. EUR USD is in a range between 1,4445 and 1,4580. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,4440. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,4580 - 1,4650
Supports
1,4500 - 1,4440

Click the button to vote for this article
Loading status ...
More
advertisement
advertisement
 
IBTimes.com Web
Partners
International Business Times© 2009 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives