1,3834. EUR USD is in a range between 1,3800 and 1,4000. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,3800 (34 pips). If the support breaks then the target will be 1,3750 (84 pips).
Resistances
1,3875 - 1,4000
Supports
1,3805 - 1,3750

tags: Forex, eurusd
author: Arnaud Jeulin
Mataf.net offers technical analysis, forex news and currency converter.