(1,3025) The EUR/DOLL is confirming further consolidation interior Friday’s negative outside day with 1,3145 – 1,2945 still the levels to follow in the coming hours. The daily closing was positive. The indicators of the daily chart are however still well negative while those of the s/t ones are in positive territory suggesting some more consolidation/ correction. Still only an hourly closing above 1,3135 will postpone further weakness favouring a higher retracement; In the s/t we still favour more correction that probably already an hourly closing below 1,2985 will be able to abort!! We suggest waiting for a further extension of the correction to go short or selling a break below 1,2945!!
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Future Trend Research