(1,3040) The EUR/DOLL confirmed a session of consolidation forming a new inside day with 1,3110 – 1,2955 the levels to follow in the coming hours. A daily closing below 1,2955 will confirm a direct extension of the decline toward the 200 days line, still found at 1,2845. The indicators of the daily chart are still well negative but those of the s/t ones are above the line supporting further consolidation/ correction. While above 1,3020 the EUR/DOLL should be able to extend its retracement toward the 200 hours line, now found at 1,3107: this move up is corrective and a selling opportunity. We suggest therefore waiting for an extension of the correction to go short!!
Click here to read the full report: EURUSD 03.05
Future Trend Research