(1,3266) The EUR/DOLL confirmed on Friday a negative closing while remaining interior more or less the previous day’s range without forming any inside formation. The weekly closing was instead strong well above the top of the previous week supporting further strength that we’re already seeing since the start of this new important week. The rally already confirmed a test of the 200 weeks line but the target is for sure a retest of August’s top at 1,3452! The indicators of the daily chart turned again positive and also those of the weekly one are still well positive supporting further strength. The indicators of the s/t charts are also positive this morning following the move up that already confirmed its possible s/t target. Europe is starting the week with a gap up in an already overbought market. We sold therefore some EUR/DOLL here at 1,3365 for a correction!!
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