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EUR/USD - Euro Dollar, European Session - 19/11/08

19 Nov, 2008 @ 12:32 am ET | written by Mataf


1,2636. There is an horizontal range between 1,2585 and 1,2675. Support and resistance are given by Bollinger bands. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. We won't take a position.
Resistances
1,2650 - 1,2850
Supports
1,2570 - 1,2390

For more forex information, go to www.mataf.net

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