Forex | Forex | Currency Majors Technical Analysis (31/08/2009 12:45:18)

Currency Majors Technical Analysis

American Session EUR/USD - Euro Dollar 1,4264. EUR USD is in a consolidation after the last bearish movement. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,4220 / 1,4400 range. Resistances 1,4315 - 1,4400 Supports 1,4255 - 1,4205 GBP/USD - British Pound Dollar 1,6196. GBP USD is in a range between 1,6155 and 1,6385.


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