The EUR/USD confirmed a mixed closing last night returning however below 1,35. The only positive signal we have that for now it failed to make a new low after Friday’s rally above 1,36!!
The indicators of the daily chart are still negative but those of the s/t ones are at the line or above of it this morning supporting further possible upside potential.
Only an hourly closing above 1,3615 will however confirm a s/t bottom supporting a 1,37 overshooting, move that we still favour but that we expect to be corrective!! Already an hourly closing above 1,3545 will suggest a retest of last end of the week’s top.
We remain still on the sideline waiting for stronger signals.
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FUTURE TREND RESEARCH