EUR/USD – Euro Dollar (8th Oct 2008)
Thursday, October 9th, 2008->
Short term (Intraday)
1,3671. EURUSD currency pair is in an downtrend directed by 1H exponential moving averages. EURUSD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend daily (Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,3450 / 1,3800 range.
Resistances 1,3720 – 1,3800
Supports 1,3600 – 1,3440
