EUR/USD - Euro Dollar, European Session - 25/05/09

By IBTimes Staff Reporter | May 24 2009 9:44 PM

1,3993. EUR USD is in an uptrend supported by 1H exponential moving averages. The volatility decreases. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a support above 1,3980 (13 pips). The uptrend should continue to gather momentum.

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Resistances: 1,4050 - 1,4130
Supports: 1,3990 - 1,3870

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