EUR/USD - Euro Dollar, European Session - 06/07/09

By @ibtimes on

1,3995. EUR USD is in a consolidation after the last bearish movement. The price is just above 1,3950 support. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,3950 (45 pips). The downtrend seems to be finished. The price has a good probability to go up.

Resistances
1,4030 - 1,4100
Supports
1,3950 - 1,3925

tags: Forex, eurusd
author: Arnaud Jeulin
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