(1,2900) The EUR/DOLL confirmed a weak closing but again it failed to confirm the break below the 200 days line, still support at 1,2876. While above this line on a daily closing we can expect a rebound!! The indicators of the daily chart are still well negative with further clear bullish divergences confirming a negative tone. The indicators of the s/t charts are mixed at the moment but also here fresh bullish divergences still confirm a negative tone. The decline we saw yesterday confirm the s/t target at 1,2856 but ther is still more downside risk toward 1,2750. Don’t forget that the indicators of the weekly and monthly charts are now also below the line supporting further weakness. We wait for a decent rebound to sell!
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