(1,3123) The EUR/DOLL formed a positive day reversal but only a daily closing above the 100 days line at 1,3159 will confirm a s/t bottom supporting a new test on the upside. The weekly closing was strong above the top of the previous week but also here only a weekly closing above 1,32 will support higher levels!! The indicators of the daily chart are however still positive as well as those of the weekly one. The indicators of the s/t charts are instead showing a mixed picture suggesting further consolidation. The retest of the 1,3030 area caused the formation of bullish divergences suggesting a negative tone. While below 1,3160 on an hourly closing we expect the decline to resume suggesting a return below 1,30!! We wait for further and clear signals!!
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