(1,3095) The EUR/DOLL confirmed a test of the resistance at 1,3110 with even an overshooting that it failed however to confirm by a daily closing. Nevertheless the closing was strong above the tops of the previous sessions suggesting further upside potential, especially in case of a daily closing tonight above 1,3120. The indicators of the daily chart are however still well negative but those of the s/t ones turned all above the line supporting further strength. In the hourly chart we have already a little overbought conditions showing also potential negative reversals. Nevertheless we favour an overshooting toward the resistance line at 1,3180. Possible correction should find support at the 200 hours line, now found at 1,3054! We suggest waiting for a further extension of the correction to go short or selling a break below 1,2950!!
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