EUR/USD - Euro Dollar, European Session - 20/07/09

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1,4162. 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 rises. Bollinger bands are deviated. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a support above 1,4120 (42 pips). The uptrend should continue to gather momentum.

Resistances
1,4190 - 1,4250
Supports
1,4120 - 1,4060

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

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