(1,2807) The EUR/DOLL confirmed yesterday and is still confirming further consolidation interior the inside day with 1,2880 – 1,2740 still the levels to follow; only a daily closing below 1,2740 will support a direct extension of the drop toward the 1,25 area!! The rebound we had yesterday found food resistance below the 200 days line suggesting further weakness!! The indicators of the daily chart are still well negative and this morning also those of the s/t ones are below the line supporting further weakness. In the hourly chart a negative reversal is suggesting a s/t target at 1,2622. Only an hourly closing above 1,2880 will postpone the decline favouring a 1,29 overshooting!! We stay on the sideline!
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Future Trend Research