(1,3536) The EUR/DOLL confirmed a very strong closing, well above the 1,3450 level confirming therefore a possible bottom below 1,28 with now an upside potential suggesting even a 1,40 overshooting. Next key level is 1,3711, February’s high. At the present level Europe has again a huge gap up of about 140 pips that we expect to be closed somehow, at least toward 1,3450. For this reason we sold more EUR/DOLL here at 1,3534, after the one last night at 1,3467, bringing the average to 1,3454! The indicators of the daily chart are well positive as well as those of the s/t ones where we have them well overbought. We stay short.
Read the full report: EURUSD 09.19
Future Trend