(1,2855) The EUR/DOLL is confirming consolidation since last week interior an inside day with 1,2880 – 1,2740 the levels to follow; a daily closing below 1,2740 will support a direct extension of the drop toward the 1,25 area!! The weekly closing was weak as well as the monthly one, below the low of the previous month which was already a negative month reversal!! While below the 200 days line at 1,2888 on a daily closing we expect further weakness. The indicators of the daily chart are still well negative as well as those of the monthly and weekly charts supporting further weakness!! The indicators of the s/t charts are above the line this morning showing however negative reversals in the hourly chart suggesting a possible target at 1,2622. Only an hourly closing above 1,2880 will postpone the decline favouring rally toward the resistance line at 1,2940. We suggest selling this possible move up!!
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