01.31.08

EUR/USD - Asian Session - 30/01/08

Posted in Currency, Forex, Forex Income, Forex Indicator, Forex News, Forex Signal at 12:31 am by yeop

1,4865. EUR/USD currency pair broke 1,4800 resistance. EUR/USD is in a consolidation after the last bullish movement. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, daily (Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR/USD pair. The price should find a resistance below 1,4900. The consolidation should continue. If the resistance is broken then the target will be 1,5000.

Resistances 1,4900 - 1,5000
Supports 1,4815 - 1,4760

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