(1,3000) The EUR/DOLL confirmed a weak closing below last week’s low supporting further weakness. It failed however to confirm the break below the support of the inside day at 1,2990 but probably it’s just a question of time! The indicators of the daily chart are still positive but those of the s/t charts are below the line supporting further weakness. Bullish divergences confirm a negative tone supporting lower levels toward an initial s/t target at 1,2947!! In the s/t only an hourly closing above 1,3030 will postpone the decline favouring a retest of the 200 hours line, now found at 1,3070, where we find also a s/t resistance line. We expect lower levels.
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Future Trend Research