The EUR/USD formed a negative day reversal on Friday while confirming further consolidation interior the inside day with 1,3885 – 1,3595 still the levels to follow in the coming hours/ session. A possible break of the support will resume the decline! The weekly closing was weak, below the low of the previous week suggesting that a possible top could be in place!!
The indicators of the daily chart are however still positive but those of the weekly chart remain below the line keeping some pressure on this pair. The indicators of the s/t charts are at the moment negative. In the hourly chart we have already a potential negative reversal suggesting a possible target at 1,3334!! Already an hourly closing below 1,3710 will signal lower levels!!
We still remain on the sideline following the inside day.
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FUTURE TREND RESEARCH