(1,3045) The EUR/DOLL confirmed a negative closing forming also a bearish engulfing pattern suggesting lower levels toward the 200 days line at 1,2925!! A possible daily tonight closing below 1,3002 will confirm a top!! The indicators of the daily chart are still well positive but already showing potential negative reversals. The indicators of the s/t charts turned instead below the line supporting further weakness. While below the 200 hours line, now s/t resistance at 1,3079, we expect further the EUR/DOLL to return below 1,30 move that we expect to be corrective based on the hourly chart but of course not if we go to the m/t ones where the scenery is still rather negative!! We missed a great opportunity to sell; we wait for another opportunity!!
Click here to read the full report: EURUSD 04.18
Future Trend Research