03.21.08

EUR/USD - European Session - 21/03/08

Posted in Currency, Forex, Forex Calendar, Forex Income, Forex Indicator, Forex Info, Forex News, Forex Signal at 7:27 am by yeop

1,5440. EUR/USD currency pair is in an downtrend directed by 15min exponential moving averages. EUR/USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,5400. The consolidation should continue.

Resistances 1,5470 - 1,5550
Supports 1,5400 - 1,5350

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