EUR/USD - Euro Dollar, European Session - 01/07/08

on June 30 2008 10:36 PM

1,5752. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility is low. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,5850. The consolidation should continue. The price should continue to move in 1,5710 / 1,5850 range. We won't take a position.

Resistances
1,5775 - 1,5830
Supports
1,5730 - 1,5710

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