(1,3060) The EUR/DOLL confirmed a very weak closing even below the 100 days line suggesting a possible direct drop toward the 200 days line, now the attraction at 1,2835!! It formed also a negative outside day with now 1,3330 -1,3035 the levels to follow in the coming hours. A daily closing below 1,3035 will confirm a direct extension of the decline!! The indicators of the daily chart are still well negative , now close to the oversold area. The indicators of the s/t charts are also negative with bullish divergences in the 4h chart supporting a negative tone. We expect further weakness and a probable 1,30 undershooting!!
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Future Trend Research