1,5642. 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 (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should find a support above 1,5600. We won't take a position. The risk/reward ratio is too high to take a position..
- 1,5670 - 1,5710
- 1,5625 - 1,5570