(1,3475) The EUR/DOLL is confirming a nice correction plunging already below the 200 hours line, now found at 1,3508, now resistance. While below this line we may see a retest of the 1,34 area!!The indicators of the daily chart are plunging below the line while those of the s/tones are negative supporting lower levels. The indicators of the hourly chart are however already oversold showing potential negative reversal. This could start limiting the downside favouring a rebound. We try staying short for a possible extension of the correction putting however a stop at 1,3575!!
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Future Trend Research