(1,2895) The EUR/DOLL confirmed a strong closing on Friday before however plunging heavily this morning breaking even below the previous low. We expect a test of the 200 days line at 1,2870; a daily closing below this line will open the way for further and more important weakness. The indicators of the daily chart are well negative and also those of the weekly one are below the line supporting further weakness. The indicators of the s/t charts are also negative supporting lower levels. Today’s session is starting with a big gap down that probably will be closed, at least in part by a retest of the 1,30 area now again strong resistance. While below 1,2910 on an hourly closing we favour further direct weakness and a possible break below the 200 days line!! We sold our position last night just after the opening at 1,2917 and for the moment prefer remaining on the sideline.
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Future Trend Research