(1,3343) The EUR/DOLL is still well bid confirming a retest of the 1,3345 level with a small overshooting this morning above 1,3350. There is some resistance, we believe should be a good one, above 1,3350 limiting the upside. The indicators of the daily chart are of course still well positive and at the moment also those of the s/t ones are above the line supporting further strength. Bearish divergences still confirm a positive tone. While above 1,3325 the pair should move higher suggesting a retest of the 1,3400/20 resistance area: a possible break also above 1,3420 confirmed by a daily closing will propel the EUR/DOLL toward much higher levels and this could mean even 1,40!! We have increase the position at 1,3340bringing the average to 1,32375. We put a stop at 1,3425!!
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