(1,3310) The EUR/DOLL confirmed a weak closing last night well below the lows of the last few sessions. The drop confirmed also a break below the support line suggesting further downside pressure toward the 200 days line at 1,3107!! The indicators of the daily chart are however still well positive while those of the s/t ones are mixed this morning suggesting some consolidation/ correction. The drop we had yesterday started forming small bullish divergences however well too small to change the tone to negative. While below 1,3315 on an hourly closing we expect another test on the downside suggesting a retest of the 1,32 area. A move above 1,3315 will favour a 1,3350 overshooting where we expect however strong resistance and a selling opportunity for those not yet short
Read the full report: EURUSD 08.13
Future Trend