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Technicals

EUR/USD - Euro Dollar, European Session - 04/07/08

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03 July 2008 @ 11:15 pm EST
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1,5718. EUR USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,5660/1,5700. The consolidation should continue. If the support is broken then the target will be 1,5400.
We are waiting for a break of support to take a short position.
Resistances
1,5750 - 1,5840
Supports
1,5680 - 1,5660

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09/07/2008
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