(1,3485) The EUR/DOLL confirmed a strong closing last night well above the top of the previous session finding however good resistance below 1,35, at least for now. A daily closing tonight above 1,3476 could support a possible retest of the previous high at 1,3711!! The indicators of the daily chart are however still well negative but those of the s/t ones are positive suggesting further upside potential. however, the hourly chart is already showing potential negative reversals and close to overbought levels. This should limit the upside of the EUR/DOLL suggesting a possible resumption of the decline. We have already a potential s/t target at 1,3296. Before moving lower we may see a test of the 1,3520 level where we want to sell the EUR/DOLL! We sell a 1,3515 overshooting!
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Future Trend Research