(1,2873) The EUR/DOLL confirmed another very weak closing already hitting the 1,2840 area on the way toward next target at 1,2573!! Already a break below 1,2780 confirmed by a daily closing will call for a much lower EUR/DOLL, probably toward 1,1785!!! The indicators of the daily chart are still well negative as well as those of the s/t ones supporting further weakness. Bullish divergences still confirm a negative tone! Possible rebounds should find resistance already at 1,2890 before the now strong 1,2940/50 area! Only an hourly closing above 1,2890 will support a correction!! We expect lower levels and probably even an increase of the downside momentum!!
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