(1,3355) The EUR/DOLL confirmed a session of consolidation while waiting for the FOMC meeting. It formed a new inside day with 1,3400 – 1,3280 the levels to follow in the coming hours. A break above 1,34 will support the retest of the 1,3450 area where we expect good resistance. The indicators of the daily chart are still above the line while those of the s/t ones are showing a mixed picture suggesting further consolidation. While below 1,3375 on an hourly closing we should be able to see a test of the support line at 1,3330 with even a possible undershooting toward the 200 hours line, now found at 1,3278! We keep staying short for now; we believe the upside is limited but we may see a,3450 before lower levels.
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