(1,3087) The EUR/DOLL found good resistance below 1,3145 yesterday turning again lower forming a negative day reversal; a possible daily closing tonight below 1,3055 will support further weakness suggesting a 1,30 undershooting!! The indicators of the daily chart are still well negative as well as those of the s/t ones supporting further weakness. Only a move above yesterday’s top at 1,3140 will postpone further weakness suggesting a test higher. While below we favour a move toward 1,2950 still the s/t target!! In the hourly chart we have however also a negative reversal suggesting a possible target at 1,2877. We expect further weakness but would like to see stronger and more clear signals!!
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Future Trend Research