The EUR/USD confirmed yesterday further consolidation interior the negative outside day with 1,3560 – 1,3350 still the levels to follow in the coming hours. A daily closing below 1,3350 will be very negative suggesting a possible drop toward October’s low at 1,3146!! The daily closing was however positive forming a positive day reversal.
The indicators of the daily chart are however still below the line but those of the s/t ones are above the line this morning supporting further possible strength. Already an hourly closing above 1,3427 will support an extension of the move up confirming also the positive reversal suggesting a s/t target at 1,3591!!
We wait for further confirmation but overall we still expect higher levels for the EUR/DOLL before lower ones.
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FUTURE TREND RESEARCH