(1,3450) The EUR/DOLL confirmed a session of consolidation interior Friday’s range forming a new inside day with 1,3490 – 1,3340 the levels to follow in the coming hours. A daily closing above 1,3490 will support further direct strength toward 1,37!! The indicators of the daily chart are still well positive but also yesterday they missed to move higher above the previous tops; the indicators of the s/t charts are instead still showing a mixed picture suggesting further consolidation, possibly even correction. Only an hourly closing below 1,3420 will support a deeper correction suggesting a move toward the 200 hours line, now found at 1,3364!! The EUR/DOLL looks well bid but in our view it’s too high, especially in a lot of crosses. We expect a firm correction!!
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Future Trend Research