The EUR/USD formed a negative outside day closing below the support of the previous one supporting further weakness. Possible a drop toward the 1,3212 level with even an extension toward the low of the year at 1,3146!! We have now 1,3470 – 1,3275 the levels to follow.
The indicators of the daily chart are well negative and also those of the s/t ones are below the line supporting further weakness. Bullish divergences in the hourly chart support again a negative tone.
Despite the bearish outlook we avoid having a short position below 1,33.
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FUTURE TREND RESEARCH