(1,3044) The EUR/DOLL confirmed a negative closing but it missed a weak one to confirm negative day reversal. Nevertheless we should be able to see a test of the support line at 1,2970. Only a daily closing below this line will open the way for a deeper correction toward 1,2850. The indicators of the daily chart are still well negative and at the moment also those of the s/t ones are below the line supporting further possible weakness. In the s/t only a move above 1,3085 confirmed by an hourly closing will postpone the decline favouring another test above 1,31 with the 200 hours line at 1,3123 the attraction. We believe the upside is corrective and a selling opportunity. However, already a move above 1,3140 could put into question this scenery!!
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Future Trend Research