(1,3323) The EUR/DOLL confirmed and is still confirming further consolidation interior the inside day with 1,3410 – 1,3265 still the levels to follow in the coming hours. Only a daily closing below 1,3265 will favour a deeper correction suggesting a break below 1,3250, the key level of a potential double top formation. If confirmed we expect a return toward 1,31!!! The indicators of the daily chart are still positive but those of the s/t ones remain mixed suggesting further consolidation. While below 1,3355 we should be able to see a retest of the key level at 1,3250 that we missed yesterday; in fact in the hourly chart we have a negative reversal suggesting a s/t target at 1,3257!! We stay on the sideline following the inside day for a possible break out!
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Future Trend Research