(1,3075) The EUR/DOLL still confirmed a negative closing but it is finding good support above 1,30 despite talks of a lot of stops below 1,30!! Overall the pair is still interior negative outside day with 1,3330 -1,3035 still the levels to follow in the coming hours. Only a daily closing below 1,3035 will confirm a direct extension of the decline toward the 1,28 area!! The indicators of the daily chart are still well negative close to the oversold area. The indicators of the s/t charts are instead mixed this morning suggesting some consolidation/ correction. Only an hourly closing above 1,3125 will however support a higher retracement with the 200 hours line at 1,3254 the possible attraction. We expect further weakness and a probable 1,30 undershooting but in the s/t we do not rule out a rebound that will give a selling opportunity!!
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Future Trend Research