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Eur/Usd consolidating

Posted on October 12, 2009 at 9:36 in Short-Term Analysis by Valeria Bednarik

Eur/Usd seems to have found a comfortable 100 pips area to consolidate, ahead of further definitions. The 1.4660 support zone continues holding the downside and growing stronger. 1.4750/70 area is the top of the range. 4 hours20 SMA has turned flat, losing strength, still acting as dynamic resistance around current levels. Ni clear readings coming from indicators at this point. Immediate support comes at 1.4700 area, ahead of stronger 1.4660 level; clear confirmations under that zone should take place to see the pair gain some downside momentum quite unlikely for today. Sames goes to the upside, maybe a 4 hours candle clear opening above both 20 SMA and 1.4770 highs, could send the pair to retest the 1.4820 area.

Tags: eurusd

2 Responses to “Eur/Usd consolidating”

on 17 Oct 2009 at 9:37 am1Ak

Why are you not doing updates? The conference? Pls come back quickly.
on 19 Oct 2009 at 8:48 am2Valeria Bednarik

Hi AK! I’m already back, tks really for your comments!
Val

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