EUR/USD Technical Analysis

(1,3535) The EUR/DOLL confirmed a session of consolidation forming a new inside day with 1,3610 – 1,3445 the levels to follow in the coming hours. A daily closing above 1,3610 will resume the move up. The indicators of the daily chart are still in positive territory despite the negative closing while those of the s/t ones are still showing a mixed picture suggesting further consolidation for now. An hourly closing above 1,36 will resume the move up suggesting a move toward 1,38!! Only a break below 1,3455 will be able to postpone further strength favouring a deeper correction!! We stay on the sideline while following the inside day.

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