(1,3132) The EUR/DOLL confirmed a weak closing finally moving below the 200 days line, now resistance at 1,3148. Last time the pair was below the line was in July 18th! While below the 200 days line we expect further weakness suggesting a test of the 1,30 level! The indicators of the daily chart are still well negative as well as those of the s/t ones supporting further weakness. Bullish divergences in the 4h chart support still a negative tone. The drop failed yet to confirm our s/t targets but while below the 1,3150 level on an hourly closing we expect further direct weakness. We expect lower levels!
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