(1,3325) The EUR/DOLL is still well bid after the strong closing last night above the resistance of the inside day at 1,3315 suggesting further upside potential that we see however limited. We expect good resistance at 1,3330 before the 13355/60 area! The indicators of the daily chart are still well positive but now overbought while showing negative reversals!! The indicators of the s/t charts are also positive with bearish divergences even in the 4h chart!! despite this positive picture given by the s/t charts we stay short looking for a return below 1,30!!! A break below 1,3290 will already signal lower levels!!
Read the full report: EURUSD 06.12
Future Trend