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Technicals

EUR/USD - Euro Dollar, American Session - 07/05/08

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07 May 2008 @ 09:14 am EST
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1,5430. EUR USD broke 1,5480 support. EUR USD is in an downtrend directed by 4H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,5400. The price should consolidate. If the support is broken then the target will be 1,5230 (100 pips).
Resistances
1,5450 - 1,5520
Supports
1,5410 - 1,5380

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08/29/2008
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