(1,3258) The EUR/DOLL formed a negative outside day confirming our s/t target but also a weak closing last night well below the low of the inside day at 1,3295. The drop is now testing the important support line at 1,3240; a daily closing below this line will favour further and probably more important weakness with at that point the 200 days line at 1,2830 the possible attraction. The indicators of the daily chart are still well negative and this morning also those of the s/t ones are all negative supporting lower levels. Possible rebounds should find resistance at 1,3300 before the 200 hours line at 1,3379. We favour further direct weakness!!
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