Rabu, 04 Juni 2008

EUR/USD - Euro Dollar

EUR/USD - Euro Dollar

EUR/USD - Euro Dollar

Short term (Intraday)

1,5403. EUR USD broke 1,5430 support. EUR USD is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are deviated. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue on 1,5350 (50 pips) support. We won't take a position. The risk/reward ratio is too high to take a position..

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