(1,3303) The EUR/DOLL confirmed a strong closing again above 1,33 aborting therefore the negative day reversal it formed the day before. However, only a daily closing above 1,3345 will support higher levels!! The indicators of the daily chart are of course still well positive and this morning also those of the s/t ones are above the line supporting further strength. We have however still a potential negative reversal situation in the hourly chart suggesting a limited upside potential. Only a return below 1,3275, the 200 hours line, will however support a correction supporting a retest of the s/t key level at 1,3190. We still suggest remaining on the sideline while waiting for stronger signals
Read the full report: EURUSD 08.07
Future Trend
