EUR/USD – European Session – 06/03/08

1,5296. EUR/USD currency pair is in an uptrend supported by 1H exponential moving averages. The volatility decreases. ForexTrend 1H, 4H, daily (Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR/USD. The uptrend should continue to gather momentum. The target is expected at 1,5400 (100 pips).

Resistances 1,5300 – 1,5400
Supports 1,5250 – 1,5180

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