(1,3340) The EUR/DOLL still confirmed a negative closing on Friday in the daily chart as well as in the weekly one where it failed however to confirm a weak one that would have confirmed top!! The closing was however still below the 200 weeks channel suggesting further downside risk! The indicators of the daily chart are still well negative but not yet those of the weekly one. The indicators of the s/t charts are instead mixed. The drop toward 1,33 formed bullish divergences in the hourly chart confirming a negative tone. While below 1,3380 on an hourly closing we expect a resumption of the decline for a drop toward our s/t target at 1,3276. We suggest remaining short for a test of the target at 1,3276.
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Future Trend Research