EUR/USD Technical Analysis

(1,3355) The EUR/DOLL confirmed a session of consolidation forming a new inside day with 1,3405 – 1,3295 the levels to follow in the coming hours. The closing was however still negative! The indicators of the daily chart are therefore still well negative while those of the s/t ones are showing a mixed picture suggesting further consolidation. While below 1,3380 on an hourly closing we expect further weakness with still 1,3276 the potential s/t target! We suggest remaining short for a test of the target at 1,3276.

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