The EUR/USD confirmed another session of consolidation remaining interior the inside day with 1,3885 – 1,3595 still the levels to follow in the coming hours/ session. Only a possible break of the support will resume the decline! The daily closing was strong, near the top of the session but also near the top of the previous one!!
The indicators of the daily chart are of course still positive and today also those of the s/t ones are in positive territory. The move up started also forming bearish divergences suggesting a possible change of tone. However we suggest waiting for further confirmations about the tone because the divergences are only below the 60% level, therefore not so reliable. At 1,3834 we have also the 200 hours line and only a few hourly closing above this resistance will support an extension of the move up toward the 1,3180 s/t key level!!
We still remain on the sideline following the inside day.
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