(1,3481) The EUR/DOLL confirmed another weak closing finding however good support above the 1,3450 level, at the support line, now at 1,3470. While above this line we may see a recover/ rebound!! We have still an open gap up in Europe of about 80 pips. The indicators of the daily chart are still well positive but those of the s/t ones are still below the line for now suggesting further consolidation/ correction. The decline toward 1,3460 started already forming divergences in the hourly chart suggesting a possible change of the tone to negative. We see resistance at 1,3500 before 1,3535 and while below this levels we favour a deeper EUR/DOLL! We stay short. The EUR/DOLL is still far too expensive
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