EUR/USD – American Session – 11/02/08
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1,4516. EUR/USD currency pair is in an downtrend directed by 1H exponential moving averages. EUR/USD is in a consolidation after the last bearish movement. The price is just above 1,4450 support. The volatility decreases. ForexTrend 4H (Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,4450 / 1,4600 range.
Resistances 1,4540 – 1,4580
Supports 1,4500 – 1,4450
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