(1,3175) The EUR/DOLL confirmed a positive closing missing however another strong one; the closing was also interior the range of the previous session and therefore below the 1,32 key level after a 1,3240 overshooting!! The indicators of the daily chart are still well positive but still showing a potential negative reversal situation. The indicators of the s/t charts turned instead already mixed supporting some consolidation/ correction. The rally above 1,32 has not been followed by the formation of bearish divergences suggesting the rally could have been just an overshooting!! Before the ECB conference we could see another test above 1,32; overall we believe however the EUR/DOLL will thereafter retrace back down toward the 200 hours line, now found at 1,3068!!
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