(1,2798) The EUR/DOLL confirmed a weak closing below the support of the negative outside day at 1,2820 but also below the 200 days channel supporting further weakness toward 1,25. It already confirmed a test of the 1,2750 level where it found decent support. The indicators of the daily chart are still well negative and last night closed below the previous low. The indicators of the s/t charts are at the moment mixed suggesting some consolidation/ correction. Possible rebounds should still find resistance already at 1,2830 before the 200 hours line, today at 1,2903!! We expect further weakness but in the s/t there is a great chance for a rebound!!
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Future Trend Research