The EUR/USD formed a positive day reversal but only a daily closing above 1,3653 will confirm a s/t bottom supporting a higher retracement.
The indicators of the daily chart are however still below the line as well as those of the 4h one. Only the indicators of the hourly chart already returned above the line supporting the correction. An hourly closing above 1,3653 will even favour an extension of the move up suggesting a rally toward the 200 hours line at 1,3725. This possible move up is corrective and therefore a selling opportunity but in our view only close to the 200 hours line.
We wait for higher levels to sell.
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FUTURE TREND RESEARCH