(1,3295) The EUR/DOLL confirmed a negative closing, missing however a weak one; while above 1,3250 we expect further upside potential. The indicators of the daily chart are however still well positive while those of the s/t ones are mixed this morning suggesting further consolidation. The decline toward 1,3250 formed bullish divergences, however around the 40% level, therefore not so reliable. In the hourly chart we have already potential negative reversal but we suggest waiting for stronger signals before trying a short position. An hourly closing above 1,3330 will already favour a retest of the 1,34 area!! We stay on the sideline but overall feel the EUR/DOLL could go a little lower.
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Future Trend Research