(1,3188) The EUR/DOLL confirmed a further negative closing while remaining however interior Friday’s range forming a new inside day with 1,3265 – 1,3160 the levels to follow in the coming hours. A break of the support will favour a firm test of the 200 days line at 1,3145. The indicators of the daily chart are still well negative as well as those of the s/t ones supporting further weakness. Bullish divergences also in the 4h chart support a negative tone. In the s/t only a return above 1,3240 confirmed by an hourly closing will support a correction with the 200 hours line at 1,3309 the possible attraction. We wait for a decent rebound to sell!
Read the full report: EURUSD 09.03
Future Trend
