(1,3040) 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 again negative but still above the 1,30 level. The indicators of the daily chart are still well negative but those of the s/t ones are still in positive territory suggesting some more consolidation/ correction. Still only an hourly closing above 1,3135 will postpone further weakness favouring a higher retracement. Already an hourly closing above 1,3075 could signal some strength!! In the s/t we still favour further consolidation/ correction that only 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