(1,3325) The EUR/DOLL formed on Friday a negative day reversal after a retest of the 1,3380 level; only a daily closing below 1,3310 will however confirm a s/t top suggesting a possible retest of last week’s low at 1,3206!! The weekly closing was also negative. The indicators of the daily chart are however still well positive as well as those of the weekly one suggesting further upside potential. the indicators of the s/t charts are instead mixed this morning suggesting further consolidation. The drop toward 1,32 formed bullish divergences but the rebound that followed formed as well divergences confirming a well mixed picture for now. We have a potential S_H_S formation with the neck line however at 1,3210. A break above 1,34 will however abort it re-launching the move up!! We stay on the sideline
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Future Trend
