(1,3534) The EUR/DOLL is still well bid above 1,35 after another positive closing last night. Further strength is possible toward next key level at 1,3711, February’s high. At the present level Europe has still a gap up area of about 120 pips that we expect to be closed, probably today, at least toward 1,3450. The indicators of the daily chart are still well positive while those of the s/t ones turned already mixed supporting a possible correction. Only an hourly closing below 1,3510 will however favour lower levels toward 1,3450 if not even 1,3400!! We stay short. The EUR/DOLL is far too expensive
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