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[SIZE="5"]EUR/USD - Euro Dollar[/SIZE]
1,4714. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,4870. The consolidation should continue. If the resistance is broken then the target will be 1,5040. We won't take a position. The risk/reward ratio is too high to take a position..
[INDENT][B]Resistances[/B]
1,4870 - 1,5050
[B]Supports[/B]
1,4690 - 1,4600[/INDENT]more information on [URL="http://www.mataf.net/en/forex-eurusd.htm"]EUR/USD - Euro Dollar [B]Click Here[/B][/URL] ...

[SIZE="5"]EUR/USD - Euro Dollar[/SIZE]
1,4786. EUR USD broke 1,4600 resistance. EUR USD is in an uptrend supported by 1H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,4900. If the resistance is broken then the target will be 1,5040. We won't take a position. The risk/reward ratio is too high to take a position..
[INDENT][B]Resistances[/B]
1,4870 - 1,5050
[B]Supports[/B]
1,4700 - 1,4600[/INDENT]more information on [URL="http://www.mataf.net/en/forex-eurusd.htm"]EUR/USD - Euro Dollar [B]Click ...

Bias: I see risk to 1.4897-07 but only break extends gains to 1.4958 and 1.5060

Bullish summary:

We didn't see the expected initial choppy price behavior with the break above 1.4532 generating strong gains all the way to just below the upper resistance target at 1.4897. Indeed, this remains as resistance along with 1.4907. It is possible that this will hold for a correction so wait for breach to jump on the next leg higher which would extend the upside through to 1.4958 at least and the next major target appears to be at 1.5060

To view the complete report please open the attached PDF file.

Attached Files

• The Brief Daily Forecaster.pdf (111.0 KB, 106 次查看)

EURUSD rebounds sharply to as high as 1.4867 and is testing 1.4908 (Aug 21 high) resistance. Consolidation would more likely be seen before breaking above this level. Initial support is at 1.4600 and followed by the up trend line from 1.3881 to 1.4150, fall below 1.4600 level will signal consolidation to the up trend.



Daily Forex Analysis