04/30/09 8:21 am - Currency Majors Technical Analysis

American Session EUR/USD – Euro Dollar 1,3234. EUR USD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The uptrend should continue on 1,3290 resistance (56 pips). Resistances 1,3290 – 1,3395 Supports 1,3170 – 1,3085 GBP/USD – British Pound Dollar 1,4703. GBP USD is in a

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