(1,3350) The EUR/DOLL confirmed yesterday further consolidation interior the inside day with 1,3405 – 1,3265 still the levels to follow in the coming hours. Still possible further upside potential toward the 1,3450 area where we find however an important resistance line as well as the 200 weeks line!! The indicators of the daily chart are still well positive but also still overbought while showing potential negative reversals! The indicators of the s/t charts are instead showing a mixed picture this morning suggesting further consolidation/ correction. While above 1,3335 on an hourly closing we have to expect further strength for now but still strongly believe the upside is limited!! We stay short and confident even ready to increase the position.
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