(1,3198) The EUR/DOLL confirmed a negative closing on Friday but a weak one in the weekly chart and a negative month reversal in the monthly one suggesting further weakness. We expect a firm test of the 200 days line at 1,3146. The indicators of the daily chart are still well negative and also those of the weekly one are turning below the line while those of the monthly chart are just at the line. The indicators of the s/t charts are mixed this morning. Clear bullish divergences in the hourly chart support however a negative tone suggesting lower levels. In the s/t only an hourly closing above 1,3240 will support a rebound with the 200 hours line still at 1,3330!! We wait for a decent rebound to sell!
Read the full report: EURUSD 09.02
Future Trend