1,2931. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,3000 (69 pips). The downtrend should continue to gather momentum.
- 1,2945 - 1,3000
- 1,2890 - 1,2850