05.21.08

EUR/USD - European Session - 21/05/08

Posted in Currency, Forex, Forex Calendar, Forex Income, Forex Indicator, Forex Info, Forex News, Forex Signal at 7:38 am by yeop

1,5671. EUR/USD currency pair broke 1,5600 resistance. EUR/USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR/USD. The uptrend should continue on 1,5720 (50 pips) resistance.

Resistances 1,5680 - 1,5720
Supports 1,5610 - 1,5540

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