(1,3430) The EUR/DOLL found good support turning again higher above 1,34 this morning after a strong closing last night. It was still interior the inside day with 1,3405 – 1,3295 the levels to follow; a daily closing above 1,3405 will support higher levels and at the moment we are above this resistance. The indicators of the daily chart are however still well negative but those of the s/t ones turned above the line following the rebound. However, in the hourly chart we have already overbought conditions showing potential negative reversals. This should limit the upside. We got stopped out at 1,3407 and waiting now for a possible extension of the correction to sell again!!
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