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EUR USD - Euro Dollar

By:

Arnaud Jeulin

2009-06-01

2

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Short term (Intraday)

1,3544. EUR USD is in an downtrend directed by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue on 1,3250 support (294 pips).
=> We could take a short position at 1,3550. We will put the stop loss above 1,3660 (-110 pips). The targets are 1,3300 (+250 pips, risk/reward 1:2.3), 1,3250 (+300 pips, risk/reward 1:2.7) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances
1,3225 - 1,3715

Supports
1,3500 - 1,3300

Forex Chart

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Content Provided by:

Arnaud Jeulin - http://www.mataf.net/

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