(1,3101) The EUR/DOLL is confirming further consolidation remaining interior Monday’s inside day with 1,3120 – 1,2945 still the levels to follow in the coming hours. A daily closing above 1,3120 will support a firm retest of the 1,3250 area, scenery that we still not favour but at this point fear!! The indicators of the daily chart are still well positive and this morning also those of the s/t ones are above the line supporting further possible strength. In the s/t, still only an hourly closing below 1,3040 will postpone further strength favouring a correction with the 200 hours line at 1,2993 the first attraction!! We stay on the sideline while following the inside day and while waiting for the ECB!
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