(1,2920) The EUR/DOLL confirmed even a strong closing above Monday’s top suggesting some more upside potential that we expect however still to be corrective with the 200 days line at 1,3015 the possible attraction. The move up confirmed a small reversed S_H_S formation with the neck line at 1,2890, now support. The indicators of the daily chart are still well negative but those of the s/t ones turned all above the line following the move up.in the hourly chart they reached already the overbought area but there is still room for a possible extension of the rebound toward1,2970. While above the 200 hours line at 1,2912 we suggest therefore waiting for the possible overshooting to sell the EUR/DOLL for a drop toward 1,2750!!
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