EUR/USD - Euro Dollar, American Session - 22/04/09

on April 22 2009 5:33 AM

1,2964. 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 1,2890 and 1,3000. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum.

1,3000 - 1,3230
1,2890 - 1,2800

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