(1,3318) The EUR/DOLL is still confirming further consolidation interior the inside day with 1,3465 – 1,3310 still the levels to follow in the coming hours. Only a daily closing below 1,3310 will support lower levels and we are now testing this area! The EUR/DOLL broke already below a s/t support line coming from 1,2765 suggesting a possible correction. The indicators of the daily chart are now turning below the line and also those of the s/t ones are negative supporting lower levels. In the s/t only a return above 1,3346 will postpone further weakness supporting a retest of the 200 hours line, now found at 1,3370!! We keep staying on the sideline.
Read the full report: EURUSD 08.29
Future Trend