The EUR/USD is confirming further consolidation interior the negative outside day with 1,3560 – 1,3350 still the levels to follow in the coming hours. Only a daily closing above 1,3560 will postpone further weakness favouring an extension of the correction suggesting a 1,37 overshooting. A break below 1,3330 will instead support a retest of the low of October at 1,3146!!
The indicators of the daily chart are still negative but those of the s/t ones are above the line this morning supporting a possible move up. Only an hourly closing below the 200 hours line at 1,3999 will probably resume weakness!!
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