(1,2929) The EUR/DOLL is confirming further consolidation interior the negative outside day with 1,3010 – 1,2820 still the levels to follow in the coming hours; only a daily closing below 1,2820 will support a break below the neck line of a potential S_H_S formation, still at 1,2775!! The weekly closing was positive while however remaining interior the range of the previous week. The indicators of the daily chart are still well negative as well as those of the weekly one supporting further weakness the indicators of the s/t charts are mixed this morning suggesting further consolidation. While below 1,2960 on an hourly closing we do still favour the resumption of the decline suggesting a possible 1,28 undershooting!! However, while above the 200 hours line at 1,2886 the scenery will remain positive!! We stay on the sideline for now waiting for some confirmation. The big picture, weekly chart, is however calling for a lower EUR/DOLL!!
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