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Technicals

EUR/USD - Euro Dollar, American Session - 06/05/08

06 May, 2008 @ 09:28 am EST
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1,5524. EUR USD is in a range between 1,5400 and 1,5570. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 1,5400 / 1,5570 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,5540 - 1,5560
Supports
1,5485 - 1,5450

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